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Ebook Accounting principles (10/E): Part 2

(BQ) Part 2 book "Accounting principles" has contents: Long-term liabilities, statement of cash flows, financial statement analysis, managerial accounting, job order costing, process costing, budgetary planning, standard costs and balanced scorecard, incremental analysis and capital budgeting,. and other contents. | c13CorporationsOrganizationAndCa592 Page 592 11/24/10 1:49:01 PM user-s146 /Users/user-s146/Desktop/Merry_X-Mas/New CHAPTER13 Study Objectives After studying this chapter, you should be able to: [1] Identify the major characteristics of a corporation. [2] Differentiate between paid-in capital and retained earnings. Corporations: Organization and Capital Stock Transactions [3] Record the issuance of common stock. [4] Explain the accounting for treasury stock. [5] Differentiate preferred stock from common stock. [6] Prepare a stockholders’ equity section. ● ✔ Feature Story WHAT’S COOKING? [The Navigator] ✔ [The Navigator] ● ● Scan Study Objectives ● ● Read Feature Story ● ● Read Preview ● ● Read text and answer Do it! p. 601 ● p. 603 ● p. 606 ● p. 609 ● p. 613 ● ● Work Comprehensive Do it! p. 613 ● ● Review Summary of Study Objectives ● ● Answer Self-Test Questions ● ● Complete Assignments ● ● Go to WileyPLUS for practice and tutorials ● Read A Look at IFRS p. 629 ● 592 What major U.S. corporation got its start 38 years ago with a waffle iron? Hint: It doesn’t sell food. Another hint: Swoosh. Another hint: “Just do it.” That’s right, Nike. In 1971 Nike co-founder Bill Bowerman put a piece of rubber into a kitchen waffle iron, and the trademark waffle sole was born. It seems fair to say that at Nike, “They don’t make ’em like they used to.” Nike was co-founded by Bowerman and Phil Knight, a member of Bowerman’s University of Oregon track team. Each began in the shoe business independently during the early 1960s. Bowerman got his start by making hand-crafted running shoes for his University of Oregon track team. Knight, after completing graduate school, started a small business importing low-cost, highquality shoes from Japan. In 1964, the two joined forces, each contributing $500, and formed Blue Ribbon Sports, a partnership that marketed Japanese shoes. c13CorporationsOrganizationAndCa593 Page 593 11/24/10 1:49:02 PM .