{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Equity Chap11 - Reporting and Interpreting Owners Equity...

Info icon This preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
Reporting and Interpreting Owners’ Equity Chapter 11
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
11-2 Understanding The Business Advantages of a corporation Simple to become an owner Easy to transfer ownership Provides limited liability
Image of page 2
11-3 Because a corporation is a separate legal entity , it can . . . Own assets. Sue and be sued. Incur liabilities. Enter into contracts. Understanding The Business
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
11-4 Ownership of a Corporation Voting (in person or by proxy ). Proportionate distributions of profits. Proportionate distributions of assets in a liquidation. Rights Stockholders’
Image of page 4
11-5 Accounting for Capital Stock Two primary sources of stockholders’ equity Retained earnings Contributed capital Common stock, par value Capital in excess of par value
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
11-6 Common Stock Basic voting stock Ranks after preferred stock Dividend set by board of directors
Image of page 6
11-7 Authorized Shares Unissued Shares Treasury Shares Outstanding Shares Issued Shares Treasury shares are issued shares that have been reacquired by the corporation. Outstanding shares are issued shares that are owned by stockholders. Authorized, Issued, and Outstanding Capital Stock
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
11-8 Par Value and No-par Value Stock Legal capital is the amount of capital, required by the state, that must remain invested in the business.
Image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern