CH 15 - Chapter 15 – Stockholders Equity Intermediate...

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Unformatted text preview: Chapter 15 – Stockholders ¡ Equity Intermediate Accounting 13th Edition Kieso, Weygandt, and Warfield Copyright Protected Chapter 15-2 1. Discuss the characteristics of the corporate form of organization. 2. Identify the key components of stockholders ¡ equity. 3. Explain the accounting procedures for issuing shares of stock. 4. Describe the accounting for treasury stock . 5. Explain the accounting for and reporting of preferred stock . 6. Describe the policies used in distributing dividends . 7. Identify the various forms of dividend distributions . 8. Explain the accounting for small and large stock dividends , and for stock splits . 9. Indicate how to present and analyze stockholders ¡ equity. Learning Objectives Chapter 15-3 Issuance of stock Reacquisition of shares The Corporate Form Corporate Capital Preferred Stock Dividend Policy Presentation and Analysis State corporate law Capital stock or share system Variety of ownership interests Features Accounting for and reporting preferred stock Financial condition and dividend distributions Types of dividends Stock split Disclosure of restrictions Presentation Analysis Stockholders ¡ Equity Chapter 15-4 Three primary forms of business organization The Corporate Form of Organization Sole Proprietorship Partnership Corporation LO 1 Discuss the characteristics of the corporate form of organization. Special characteristics of the corporate form: 1. Influence of state corporate law. 2. Use of capital stock or share system. 3. Development of a variety of ownership interests. Chapter 15-5 State Corporate Law The Corporate Form of Organization LO 1 Discuss the characteristics of the corporate form of organization. Corporation must submit Articles of Incorporation to the State in which incorporation is desired. Accounting for stockholders ¡ equity follows the provisions of each state ¡ s business incorporation act. Chapter 15-6 Capital Stock or Share System The Corporate Form of Organization LO 1 Discuss the characteristics of the corporate form of organization. In the absence of restrictive provisions, each share carries the following rights: 1. To share proportionately in profits and losses. 2. To share proportionately in management (the right to vote for directors). 3. To share proportionately in assets upon liquidation. 4. To share proportionately in any new issues of stock of the same class—called the preemptive right . Chapter 15-7 Variety of Ownership Interests The Corporate Form of Organization LO 1 Discuss the characteristics of the corporate form of organization. Common stock represents basic ownership interest. Bears ultimate risks of loss. Receives the benefits of success. Not guaranteed dividends nor assets upon dissolution or liquidation....
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CH 15 - Chapter 15 – Stockholders Equity Intermediate...

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