ch. 11 notes - ❖ No-Par Stock 11 4 Accounting for Cash...

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11 - 1 Advantages and Disadvantages of Corporate Form of Business Ownership Control / Management Structure Taxation of Entity Regulation Limited Liability Continuity of Life Transferability of Ownership Ability to Raise Capital
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11 - 2 Corporations Capital Stock Terminology » Par Value / Stated Value » Market Value » Book Value » Shares Authorized Issued Outstanding » Treasury Stock » Classes of Stock Common Preferred
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11 - 3 Accounting for Issuance of Stock Par (or Stated) Value = Market Value Par (or Stated) Value < Market Value
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Unformatted text preview: ❖ No-Par Stock 11 - 4 Accounting for Cash Dividends ❖ Important Dates ❖ Journal entries ❖ Effect on Retained Earnings and Fin. Stmts. 11 - 5 Preferred Stock ❖ Definition ❖ Preferences for “Dividends” » Terminology » Cumulative vs. Noncumulative » Dividends in Arrears 11 - 6 Accounting for Treasury Stock ❖ Definition/Purpose ❖ Cost Method » Repurchase of Treasury Stock » Reissuance of Treasury Stock ❖ What kind of account is “Treasury Stock”?...
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This note was uploaded on 04/07/2008 for the course ACCT 101 taught by Professor K during the Spring '08 term at Appalachian State.

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ch. 11 notes - ❖ No-Par Stock 11 4 Accounting for Cash...

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