ch13 - CHAPTER 13 Corporations: Organization and Capital...

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13-1 CHAPTER 13 Corporations: Organization and Capital Stock Transactions ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Identify the major characteristics of a corporation. 1, 2, 3, 4 1 1, 2 2. Differentiate between paid-in capital and retained earnings. 5, 6, 8, 9, 11, 14, 15 2 2 3A, 4A 3B, 4B 3. Record the issuance of common stock. 7, 10, 11, 12 3, 4, 5 3, 4, 5, 6, 11, 13 1A, 3A, 4A, 6A 1B, 3B, 4B, 6B 4. Explain the accounting for treasury stock. 7, 13, 14, 15 6 5, 7, 8, 11, 13 2A, 3A, 6A 2B, 3B, 6B 5. Differentiate preferred stock from common stock. 16 7 5, 9, 10, 11, 13 1A, 3A, 4A, 6A 1B, 3B, 4B, 6B 6. Prepare a stockholders’ equity section. 19 8 9, 12, 13, 14, 15 1A, 2A, 3A, 4A, 5A, 6A 1B, 2B, 3B, 4B, 5B, 6B 7. Compute book value per share. 17, 18 9 16
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13-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Journalize stock transactions, post, and prepare paid-in capital section. Simple 30–40 2A Journalize and post treasury stock transactions, and prepare stockholders’ equity section. Moderate 30–40 3A Journalize and post transactions, prepare stockholders’ equity section. Moderate 40–50 4A Journalize and post stock transactions, and prepare stockholders’ equity section. Moderate 30–40 5A Prepare stockholders’ equity section. Simple 20–30 6A Prepare entries for stock transactions and prepare stockholders’ equity section. Moderate 20–30 1B Journalize stock transactions, post, and prepare paid-in capital section. Simple 30–40 2B Journalize and post treasury stock transactions, and prepare stockholders’ equity section. Moderate 30–40 3B Journalize and post transactions, prepare stockholders’ equity section. Complex 40–50 4B Journalize and post stock transactions, and prepare stockholders’ equity section. Moderate 30–40 5B Prepare stockholders’ equity section. Simple 20–30 6B Prepare entries for stock transactions and prepare stockholders’ equity section. Moderate 20–30
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BLOOM’S TAXONOMY TABLE 13-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Identify the major characteristics of a corporation. Q13-4 BE13-1 E13-1 E13-2 Q13-1 Q13-2 Q13-3 2. Differentiate between paid-in capital and retained earnings. Q13-5 Q13-6 Q13-8 Q13-9 Q13-11 Q13-14 Q13-15 BE13-2 P13-3A P13-4A P13-3B P13-4B 3. Record the issuance of common stock. Q13-10 Q13-12 E13-13 Q13-7 BE13-3 BE13-4 BE13-5 E13-3 E13-4 E13-5 E13-6 E13-11 P13-1A P13-6A P13-1B P13-6B 4. Explain the accounting for treasury stock. Q13-13 BE13-6 E13-7 E13-8 P13-2A P13-2B 5. Differentiate preferred stock from common stock. Q13-16 BE13-7 E13-9 E13-10 6. Prepare a stockholders’ equity section. Q13-19 E13-15 BE13-8 E13-12 E13-14 P13-5A P13-5B 7. Compute book value per share. Q13-17 Q13-18 BE13-9 E13-16 Broadening Your Perspective Decision Making Across the Organization Exploring the Web Financial Reporting Comparative Analysis Communication All About You Ethics Case
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13-4 ANSWERS TO QUESTIONS 1. (a) Separate legal existence. A corporation is separate and distinct from its owners and it acts in
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This note was uploaded on 04/15/2010 for the course ACCOUNTING 1234 taught by Professor Ahmed during the Spring '10 term at Abu Dhabi University.

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ch13 - CHAPTER 13 Corporations: Organization and Capital...

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