Accounting_exam_review-_turn_into_note_sheet - Common size-vertical Chapter 11 \u25cf Advantages and disadvantages of corporations \u25cf Rights of

Accounting_exam_review-_turn_into_note_sheet - Common...

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Common size-vertical Chapter 11 Advantages and disadvantages of corporations Rights of stockholders Composition of stockholder equity ”What are the two basic parts of stockholders equity” Paid in capital Money made while selling stock Retained earnings Characteristics of preferred stockholders Journal entries to record the issuance of par value or no par common stock If at par Debit cash Credit common stock If excess par stock Debit cash Credit Common stock Paid in capital Average issue price of common and preferred stock Look at dollars representing par value dollars representing Paid in capital Shares outstanding Calculating total paid in capital Stockholders equity How can I look at this and find total paid in capital Par Value + par value of dollars + paid in capital in excess of par value Definition of dividends in arrears Journal entries of cash dividends Debit Retained earnings Credit Dividends payable Dividend distributable (stock dividends) Cash dividends allocated between preferred and common stock holders
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