Day 13 Stocks__DividendsWeb

Day 13 Stocks__DividendsWeb - 3 Major Types of...

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3 Major Types of Profit-Making Business Organizations: 1 Sole Proprietorship 2 Partnership 3 Corporation But partnerships are going by the wayside with the advent of the LLC Limited Liability Corporation 1 Separate Legal Entity 2 Continued Existence 3 Ease of Transfer of Ownership 4 Limited Liability Your own corporation How about disputes? Arbitration Common Stock Represents the ownership of the company. Par An arbitrary amount assigned to each share of stock. Advantages of the corporation Don't ever give away shares of stock. Always have a buy/sell agreement before you begin operating!!! Partnership always have a partnership agreement before you start!!
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Stock Issuance 1/1 Cash 1,000,000 Common Stock Capital in Excess of Par-Common To record issuance of 50,000 shares of common stock
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250,000 750,000
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Dividends: Cash Dividends Stock Dividends Dates: Date of Declaration Date of Record Date of Payment
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Retained Earnings $$$$ Dividends Payable To record dividend. No entry in books.
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This note was uploaded on 09/12/2010 for the course ACCT 101 taught by Professor Drkirch during the Spring '10 term at Ohio University- Athens.

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Day 13 Stocks__DividendsWeb - 3 Major Types of...

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