# Objectives Owners Equity TKE Beta Pi Alumni Association

Shared by:
Categories
Tags
-
Stats
views:
1
posted:
10/8/2012
language:
English
pages:
11
Document Sample

```							Objectives: Equity
   Distinguish different types of ownership interest
and describe their distinguishing features

   Perform the journal entries for the issuance of
stock (both common and preferred) and the
declaration of cash dividends

   Describe and perform the accounting for a stock
dividend and a stock split

   Account for the repurchase and resale of a
company’s own stock (treasury stock)              1
Types of Ownership Interest
   Common stock

   Preferred stock

2
Issuance of common stock
   Authorized

   Issued

   Outstanding

3
Nike Common Stock

4
Dividends
   Date of declaration

   Date of record

   Date of payment
5
P13-5: Papillardo Corp.
a.   Average issue price of preferred stock?

b.   How many shares of common stock are
outstanding?

c.   Journal entry to issue common stock?

6
P13-5: Treasury Stock
   What is it?

   What would be the entry to record all treasury
stock currently held?

d. If treasury stock was reissued for \$400,000.

7
P13-5: Dividends
   Record the declaration of preferred dividends (e)

   Record the declaration of common cash
dividends (f)

8
P13-5: Stock Dividend
   What is it?

g. Record a 10% stock dividend when the
price of the stock is \$80.

9
P13-5:
Earnings Per Share (EPS)
   Calculation?

   What does it represent?

h. If net income is \$1,560,000 and no new shares were
issued during the period, what is basic earnings per share?

10
P13-5: Stock Split
   What is it?

   Assume a 3-for-2 stock split.
i. How many shares outstanding?

j. What effect on I/S, B/S, CF stat?

k. What would you expect market price to be post split?

11

```
Related docs
Other docs by alicejenny
to view Lesson from Teachers
GUIDELINES FOR POST EXPOSURE PROPHYLAXIS PEP
FIRST BANK ADDITION City of Bloomington