What is a corporation? What are some of the main characteristics of a corporation?
According to the U.S. Small Business Administration, a corporation is an independent legal
entity owned by stockholders. Rather than the sharehol
Write a response to the following scenario:
Chen, Inc. purchases 1,000 shares of its own previously issued $5 per common stock for
$12,000. Assuming the shares are held in the treasury, what effect does this transaction have on
Resources: Ch. 11 & 12 of Financial Accounting
Complete Exercises E11-15, E12-1, & E12-2.
Complete Problem 11-6A.
Submit as a Microsoft Excel or Word document.
Click the Assignment Files tab to submit your assignment.
Write a 250- to 350-word paper explaining why preferred stock is referred to as preferred and
what some of the features added to preferred stock are that make it more attractive to investors.
Would you select preferred stock or comm
Running head: STOCKS
December 7, 2014
According to page 524, chapter 11 of our reading material; preferred stock has provisions
that give it some preference or priority over common stock. Eve
Running head: RECOGNIZING DIFFERENCES
November 30, 2014
The terms valuation, depreciation, amortization and depletion are found in accountin
In order for a company to obtain large amounts of long term capital they can issue either
common stock or bond. Bonds have three advantages. When choosing to issue bonds the
stockholders control is not affected since bondholders do not have any voting rig
In chapter 2 the text explains to us that current liabilities are obligations that the company is to
pay within the coming year or operating cycle, whichever is longer (page 52). When it comes to
liabilities there are a few major types. Of course these to
Xacc 291 Week 2
Week 2 CheckPoint Reflection
During the useful life of a plant asset, a company may incur costs for ordinary repairs, additions,
or improvements (Weygandt, Kimmel, & Kieso, 2010, p. 409). Costs incurred for ordinary
repairs are considered
According to page 417 in chapter nine of our reading material the following is the accounting
definition of goodwill; the value of all favorable attributes that relate to a business enterprise.
Since it is not a physical asset it is considered an inta
According to chapter 2 of our text book; depreciation is the practice of allocating the cost of
assets to a number of years (useful life).
The assets that depreciate are things such as equipment, buildings and so on. Rather than
expressing the total a