CH12 - CHAPTER 12 Corporations Organization Stock...

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CHAPTER 12 Corporations: Organization, Stock Transactions, Dividends and Retained Earnings ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises Problems Alternate Problems * 1. Identify and discuss the major characteris- tics of a corporation. 1, 2, 3, 4, 5, 6 1 * 2. Record the issuance of common stock. 7, 8, 9, 10, 11 2, 3, 4 1, 2, 3, 6, 7, 13 1, 3, 6 1, 3 * 3. Explain the accounting for treasury stock. 12, 13, 14 5 2, 4, 6, 7, 13 2, 3, 6 2, 3 * 4. Differentiate preferred stock from common stock. 15 6 2, 5, 6, 7, 13, 16 1, 3, 6 1, 3 * 5. Prepare the entries for cash dividends and stock dividends. 18, 19, 20, 21, 22, 23 7, 8, 9 8, 9, 10, 11, 17 5, 7 4, 6 * 6. Identify the items that are reported in a re- tained earnings state- ment. 16, 24, 25 10, 11 12 4, 5 5, 6 * 7. Prepare a compre- hensive stockholders' equity section. 17 12 5, 6, 8, 9, 10, 13, 14, 15, 17 1, 2, 3, 4, 5, 6, 7, 8 1, 2, 3, 4, 5, 6, 7 *8. Describe the use and content of the stock- holders' equity state- ment. 9 *9. Compute book value per share. 26, 27 13 15, 16, 17 3, 8 3, 7 12-1
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ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1 Journalize stock transactions, post, and prepare paid-in capital section. Simple 30-40 2 Journalize treasury stock transactions, post, and pre- pare stockholders' equity section. Moderate 30-40 3 Journalize and post stock transactions, prepare the stockholders' equity section, and compute book value. Moderate 40-50 4 Prepare a retained earnings statement and the stock- holders' equity section. Moderate 30-40 5 Prepare retained earnings statement and stockholders' equity section. Moderate 30-40 6 Prepare entries for stock transactions and prepare stockholders' equity section. Moderate 20-30 7 Prepare dividend entries and prepare stockholders' equity section. Simple 30-40 *8 Prepare a stockholders' equity section and compute book value. Simple 20-30 *9 Prepare a stockholders' equity statement. Simple 20-30 1A Journalize stock transactions, post, and prepare paid-in capital section. Simple 30-40 2A Journalize treasury stock transactions, post, and pre- pare stockholders' equity section. Moderate 30-40 3A Journalize and post transactions, prepare the stock- holders' equity section, and compute book value. Complex 40-50 4A Prepare dividend entries and stockholders' equity section. Moderate 30-40 5A Prepare a retained earnings statement and the stock- holders' equity section. Moderate 20-30 6A Prepare retained earnings statement and stockholders' equity section. Moderate 30-40 *7A Prepare stockholders' equity and compute book value. Simple 20-30
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Correlation Chart between Bloom's Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowle dge Compre hension Applicati on Analysis Synthesis Evaluation 1. Identify and discuss the major charac- teristics of a corporation. Q12-4 Q12-5 Q12-6 BE12-1 Q12-1 Q12-2 Q12-3 2. Record the issuance of common stock. Q12-8 Q12-9 Q12-10 Q12-11 E12-6 Q12-7 BE12-2 BE12-3 BE12-4 E12-1 E12-2 E12-3 P12-1 P12-3 P12-6 P12-1A P12-3A E12-7 3. Explain the accounting for treasury stock.
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