Final Review - Financial Accounting Exam#3 Review Outline...

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Financial Accounting Exam#3 Review Outline Chapter 9: Stockholders’ Equity Explain the features of a corporation-3 o -limited liabilities (much as they actually invested) o SHR Rights (right to vote, show up in stock holders meetings) o preemptive right-right to maintain your ownership) o -par value, authorized, issued, outstanding (difference between issued and outstanding calculation wise…issued-treasury=outstanding) Account for the issuance of stock-2 o common or preferred JE issuance of stock Describe how treasury stock affects a company-4 o Treasury stock: what kind of account? o Why would company buy back stock? o Reissue Stock Account for dividends-5 o Cash paid out of retained earnings o Stock paid out off retained earning o Preferred dividends: paid off a percentage…cumulative and non- cumulative o Arrearages- not a liability…FN Stock Splits-1 o No journal entry o Shares go up, market values goes down, par value goes down Chapter 10: Long-term Investments Account for available-for-sale investments-2
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Final Review - Financial Accounting Exam#3 Review Outline...

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