Chapter 11

Chapter 11 - Chapter 11 Owners Equity Preview Definitions...

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Chapter 11: Owner’s Equity
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Preview… Definitions Stock Issuance Treasury Stock Dividends Preferred Stock
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S.E. Definitions Authorized number of shares - maximum number of shares that can be issued Issued shares - total number of shares sold Outstanding shares - total number of shares owned by stockholders Treasury stock - a corporation’s own stock that had been issued, now held by company
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Issued Shares Less: Treasury Stock Outstanding Shares
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To record stock issuance: Cash($ received per share)x(# shares) Common Stock (par value*)x(# shares) Add’l Paid-in Capital ($ rec’d - par)x(#shares) *Par value is the nominal value per share of capital stock specified in the charter.
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To record purchase of Treasury Stock: Treasury Stock Cash To record sale of Treasury Stock ABOVE purchase price: Cash (price sold per share)x(#shares) Treasury Stock (#shares)x(price paid per share) Add’l Paid-in Capital (#shares)x(price sold- price paid) To record sale of Treasury
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This note was uploaded on 12/16/2009 for the course AEM 2500 taught by Professor Poe,g. during the Fall '07 term at Cornell.

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Chapter 11 - Chapter 11 Owners Equity Preview Definitions...

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