ccproxy会计学原理FinancialAccountingbyRobertLibby第八版第十一
Chapter 11 - Reporting and Interpreting Owners’ Equity信赖反义词
Chapter 11
关于动漫 Reporting and Interpreting Owners’ Equity
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1. A corporation is a parate legal entity (authorized by law to operate as an individual).
It is owned by a number of persons and/or entities who ownership is evidenced by shares of capital stock. Its primary advantages are: (a) transferability of ownership, (b) limited liability to the owners, and (c) the ability to accumulate large amounts of resources. 2. The charter of a corporation is a legal document from the state that authorizes its
creation as a parate legal entity. The charter specifies the name of the entity, its purpo, and the kinds and number of shares of capital stock it can issue. 3. (a) Authorized
capital stock―the maximum number of shares of stock that can be
sold and issued as specified in the charter of the corporation.
(b) Issued capital stock―the total number of shares of capital stock that have
been issued by the corporation at a particular date. (c) Outstanding capital stock―the number of shares currently owned by the
stockholders.
4. Common stock―the usual or normal stock of the corporation. It is the voting stock
and generally ranks after the preferred stock for dividends and asts distributed upon dissolution. Often it is called the residual equity. Common stock may be either par value or no-par value.宽带拨号上网
Preferred stock―when one or more additional class of stock are issued, the additional class are called preferred stock. Preferred stock has modifications that make
it different fromcommon stock. Generally, preferred stock has both favorable and unfavorable features in comparison with common stock. Preferred stock usually is par value stock and usually specifies a dividend rate such as D6% preferred stock.‖
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Chapter 11 - Reporting and Interpreting Owners’ Equity动车可以带宠物吗
5. Par value is a nominal per share amount established for the common stock and/or
盖章登记表 preferred stock in the charter of the corporation, and is printed on the face of each stock certificate. The stock that is sold by a corporation to investors above par value is said to have sold at a premium, while stock that is sold below par is said to have sold at a discount. The laws of practically all states forbid the initial sale of stock by a corporation to investors below par value. No-par value stock does not have an amount per share specified in the charter. As a conquence, it may be issued at any price without involving a discount or a premium. It avoids giving the impression of a value that is not prent. 6. The usual characteristics of preferred stock are: (1) dividend preferences, (2)
conversion privileges, (3) ast preferences, and (4) nonvoting specifications. 7. The two basic sources of stockholders’ equity are:
大哥歌词 Contributed capital―the amount invested by stockholders by purcha from the corporation of shares of stock. It is comprid of two parate elements: (1) the par or stated amount derived from the sale of capital stock (common or preferred) and (2) the amount received in excess of par or stated value.
Retained earnings―the accumulated amount of all net income since the organization of the corporation, less loss and less the accumulated amount of dividends paid by the corporation since organization.
8. Stockholders’ equity is accounted for in terms of source. This means that veral
accounts are maintained for the various sources of stockholders’ equity, such as common stock, preferred stock, contributed capital in excess of par, and retained earnings. 9. Treasury stock is a corporation’s own capital stock that was sold (issued) and
subquently reacquired by the corporation. Corporations frequently purcha shares of their own capital stock for sound business reasons, such as to obtain shares needed for employees’ bonus plans, to influence the market price of the stock, to increa earnings per share amounts, and to have shares on hand for u in the acquisition of other companies. Treasury stock, while held by the issuing corporation, confers no voting, dividend, or other stockholder rights. 10. Treasury stock is reported on the balance sheet under stockholders’ equity as a
deduction; that is, as contra stockholders’ equity. Any Dgain or loss‖ on treasury stock that has been sold is reported on the financial statements as an addition to contributed capital if a gain; if a loss, it is deducted from any previous contributed capital, or otherwi from retained earnings.
