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Lecture Financial accounting: Tools for business decision making - Chapter 11: Reporting and analyzing stockholders’ equity

This chapter’s objectives are to: Identify and discuss the major characteristics of a corporation; record share transactions; prepare the entries for cash dividends, stock dividends, and stock splits, and understand their financial impact. | Reporting and Analyzing Stockholders’ Equity Kimmel ● Weygandt ● Kieso Financial Accounting, Eighth Edition 11 Explain how to account for the issuance of common and preferred stock, and the purchase of treasury stock. CHAPTER OUTLINE Discuss the major characteristics of a corporation. 1 2 LEARNING OBJECTIVES Explain how to account for cash dividends and describe the effect of stock dividends and stock splits. 3 Discuss how stockholders’ equity is reported and analyzed. 4 An entity separate and distinct from its owners. Classified by Purpose Not-for-Profit For Profit Classified by Ownership Publicly held Privately held Facebook IBM Caterpillar General Electric Salvation Army American Cancer Society Cargill Inc. LEARNING OBJECTIVE Discuss the major characteristics of a corporation. 1 LO 1 Separate Legal Existence Limited Liability of Stockholders Transferable Ownership Rights Ability to Acquire Capital Continuous Life Corporation Management Government Regulations Additional Taxes . | Reporting and Analyzing Stockholders’ Equity Kimmel ● Weygandt ● Kieso Financial Accounting, Eighth Edition 11 Explain how to account for the issuance of common and preferred stock, and the purchase of treasury stock. CHAPTER OUTLINE Discuss the major characteristics of a corporation. 1 2 LEARNING OBJECTIVES Explain how to account for cash dividends and describe the effect of stock dividends and stock splits. 3 Discuss how stockholders’ equity is reported and analyzed. 4 An entity separate and distinct from its owners. Classified by Purpose Not-for-Profit For Profit Classified by Ownership Publicly held Privately held Facebook IBM Caterpillar General Electric Salvation Army American Cancer Society Cargill Inc. LEARNING OBJECTIVE Discuss the major characteristics of a corporation. 1 LO 1 Separate Legal Existence Limited Liability of Stockholders Transferable Ownership Rights Ability to Acquire Capital Continuous Life Corporation Management Government Regulations Additional Taxes Characteristics that distinguish corporations from proprietorships and partnerships. Advantages Disadvantages CHARACTERISTICS OF A CORPORATION LO 1 Separate Legal Existence Limited Liability of Stockholders Transferable Ownership Rights Ability to Acquire Capital Continuous Life Corporation Management Government Regulations Additional Taxes Corporation acts under its own name rather than in the name of its stockholders. Characteristics that distinguish corporations from proprietorships and partnerships. CHARACTERISTICS OF A CORPORATION LO 1 Separate Legal Existence Limited Liability of Stockholders Transferable Ownership Rights Ability to Acquire Capital Continuous Life Corporation Management Government Regulations Additional Taxes Limited to their investment. Characteristics that distinguish corporations from proprietorships and partnerships. CHARACTERISTICS OF A CORPORATION LO 1 Shareholders may sell their stock. Separate Legal Existence Limited Liability of Stockholders Transferable .