Chapter11 - Chapter 11 Reporting and Interpreting Owners...

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1 Chapter 11 Reporting and Interpreting Owners’ Equity Acct 2301 Fall 09
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2 Topics on owners’ equity Terminology Authorized, issued, and outstanding shares (additional) Paid-in capital (APIC) Preferred stock, common stock, treasury stock Sale of stock Purchase of stock Dividends Stock dividend and stock split
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3 Equity in Corporations The equity section for a corporation is divided into two parts: Retained Earnings -- earnings (net income) the company has earned since it was founded, less any dividends paid Contributed Capital --amount that owners have contributed
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4 Presentation of Stockholders’ Equity in Corporations Preferred stock, $10 par value, 100,000 shares authorized, 2,000 shares issued $20,000 Common stock, $1 par value, 1,000,000 shares authorized, 100,000 shares issued 100,000 Paid-in capital (common) 985,000 Less: treasury stock (common) at cost, 5,000 shares (105,000) Retained earnings 670,000 Other comprehensive income 50,000 Total Stockholders’ Equity $ 1,720,000
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5 Capital Stock Common Stock Preferred Stock Treasury Stock Shares, either common stock or preferred stock, repurchased by the corporation
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6 Capital Stock Authorized Shares : The maximum number of shares of capital stock that can be sold to the public is called the a uthorized number of shares.
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