会计学第十四章

11-14
P2
Cash Dividends
To pay a cash dividend the corporation must have:
Cas h Dividend T ypes and F requency 100% 80% 60% 40% 20% 0% Common P referred 22% 75%
11-3
Analytical Learning Objectives
A1: Compute earnings per share and describe its use. A2: Compute price-earnings ratio and describe its use in analysis. A3: Compute dividend yield and explain its use in analysis. A4: Compute book value and explain its use in analysis.
Sept. 1 Land Common stock, $2 par value Paid-In Capital in Excess of Par Value Common Stock
Exchanged 100,000 common shares for land
2,500,000 200,000 2,300,000
3. The remainder is assigned to Paid-In Capital in Excess of Par Value, Common Stock.
11-10
P1
Issuing Par Value Stock
Par Value Stock
On September 1, Matrix, Inc. issued 100,000 shares of $2 par value stock for $25 per share. Let’s record this transaction.
Chapter 11
Corporate Reporting and Analysis
Conceptual Learning Objectives
C1: Identify characteristics of corporations and their organization. C2: Describe the components of stockholders’ equity. C3: Explain characteristics of common and preferred stock. C4: Explain the items reported in retained earnings.
Corporate Organization Chart
Ultimate control.
Selected by a vote of the stockholders.
Stockholders Board of Directors President
Stockholders usually meet once a year. Overall responsibility for managing the company.
11-16
P4
Cumulative or Noncumulative Dividend
Cumulative Vs. Noncumulative
Undeclared dividends from current and prior years do not have to be paid in future years.
Cr 200,000 2,300,000
11-11
P1
Issuing Par Value Stock
Stockholders' Equity with Common Stock
Stockholders' Equity Common Stock - $2 par value; 500,000 shares authorized; 100,000 shares issued and outstanding $ 200,000 Paid-In Capital in Excess of Par 2,300,000 Retained earnings 650,000 Total stockholders' equity $ 3,150,000
Stockholders' Equity Common Stock, par value $.01; authorized 250,000,000 shares; issued 92,556,295 shares in 2009; 111,015,133 shares in 2008
2009
2008
Dividends in arrears must be paid before dividends may be paid on common stock. Most preferred stock is cumulative.
11-17
P4
Cumulative or Noncumulative Dividend
Secretary
Vice President Finance
Vice President Production
Vice President Marketing
11-7
C2
Basics of Capital Stock
Total amount of stock that a corporation’s charter authorizes it to sell.
$925,563
$1,110,151
Total amount of stock that has been issued or sold to stockholders.
11-8
C1
Classes of Stock
Par Value
No-Par Value
Stated Value
11-9
P1
Issuing Par Value Stock
1.
2.
A sufficient balance in retained earnings and The cash necessary to pay the dividend.
11-15
C3
Preferred Stock
A separate class of stock, typically having priority over common shares in . . .
Financial and Managerial Accounting
John J. Wild Third Edition
McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
11-12
P1
Issuing Stock for Noncash Assets
Par Value Stock
On September 1, Matrix, Inc. issued 100,000 shares of $2 par value stock for land valued at $2,500,000. Let’s record this transaction. Record:
11-13
ຫໍສະໝຸດ Baidu1
Issuing Stock for Noncash Assets
Par Value Stock
On September 1, Matrix, Inc. issued 100,000 shares of $2 par value stock for land valued at $2,500,000. Let’s record this transaction.
$
The Board of Directors did not declare or pay dividends in 2009. In 2010, the Board of Directors declare and pay cash dividends of $42,000.
Par Value Stock
On September 1, Matrix, Inc. issued 100,000 shares of $2 par value stock for $25 per share. Let’s record this transaction. Record:
1. The cash received. 2. The number of shares issued × the par value per share in the Common Stock account.
11-5
C1
Characteristics of Corporations
Advantages

Separate legal entity Limited liability of stockholders Transferable ownership rights Continuous life
1. The asset received at its market value. 2. The number of shares issued × the par value per share in the Common Stock account.
3. The remainder is assigned to Paid-In Capital in Excess of Par, Common Stock.


Dividend distributions Distribution of assets in case of liquidation
Usually has a stated dividend rate
73%
Normally has no voting rights
Corporations with no Preferred Stock Corporations with Preferred Stock 27%
11-4
Procedural Learning Objectives
P1: Record the issuance of corporate stock. P2: Record transactions involving cash dividends. P3: Account for stock dividends and stock splits. P4: Distribute dividends between common stock and preferred stock. P5: Record purchases and sales of treasury stock and the retirement of stock.
Lack of mutual agency for stockholders
Ease of capital accumulation Disadvantages

Governmental regulation
Corporate taxation
11-6
C1
Organizing and Managing a Corporation
Sept. 1 Cash Common stock, $2 par value Paid-In Capital in Excess of Par Value, Common Stock
Sold and issued 100,000 shares of common stock
Dr 2,500,000
Example: Consider the following Stockholders’ Equity Section of the Balance Sheet
Common stock, $5 par value; 40,000 shares authorized, issued and outstanding Preferred stock, 9%, $100 par value; 1,000 shares authorized, issued and outstanding Total Paid-In capital $ 200,000 100,000 300,000