Weyg_Finl_Ch12_SM_Final - © 2009 For Instructor Use Only...

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Unformatted text preview: © 2009 For Instructor Use Only 12-1 CHAPTER 12 Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings 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, 5, 6 1 * 2. Record the issuance of common stock. 7, 8, 9, 10, 11 1, 2, 3 1, 2, 3, 6, 7, 9 1A, 3A 1B, 3B, 5B * 3. Explain the accounting for treasury stock. 12, 13, 14 4 4, 5, 6, 7, 9 2A, 3A 2B, 3B, 5B * 4. Differentiate preferred stock from common stock. 15 5 6, 7, 8, 9, 10, 21 1A, 3A 1B, 3B, 5B * 5. Prepare the entries for cash dividends and stock dividends. 18, 19, 20, 21, 22, 23, 6, 7, 8 11, 12, 13, 22 4A, 5A 4B, 6B * 6. Identify the items that are reported in a retained earnings statement. 16, 24, 25, 9, 10 14, 15 5A, 6A 6B 7. Prepare and analyze a comprehensive stockholder’s equity section. 17 11 9, 10, 16, 17, 18, 19, 20, 22, 23 1A, 2A, 3A, 4A, 5A, 6A, 7A 1B, 2B, 3B, 4B, 5B, 6B, 7B *8. Describe the use and content of the stockholders’ equity statement. *9 Compute book value per share. 26, 27 12 21, 22, 23 3A, 7A 3B, 7B * Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter. © 2009 For Instructor Use Only 12-2 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 stockholder’s equity section. Moderate 25–35 3A Journalize and post transactions, prepare stockholders’ equity section. Complex 40–50 4A Prepare dividend entries and stockholders’ equity section. Moderate 30–40 5A Prepare retained earnings statement and stockholders’ equity section, and compute earnings per share. Moderate 20–30 6A Prepare retained earnings statement and stockholders’ equity section. Moderate 30–40 *7A Prepare stockholders’ equity section; compute book value per share. Simple 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 25–35 3B Journalize and post transactions, prepare stockholders’ equity section. Moderate 40–50 4B Prepare dividend entries and stockholders’ equity section. Simple 30–40 5B Prepare entries for stock transactions and stockholders’ equity section. Moderate 30–40 6B Prepare retained earnings statement and stockholders’ equity section, and compute earnings per share. Moderate 30–40 *7B Prepare stockholders’ equity section; compute book value per share....
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Weyg_Finl_Ch12_SM_Final - © 2009 For Instructor Use Only...

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