西方财务会计 原版课件15hqmj.pptx

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1、Chapter 15-1Chapter 15-2C H A P T E R 15STOCKHOLDERS EQUITYIntermediate Accounting13th EditionKieso,Weygandt,and Warfield Chapter 15-31.1.Discuss the characteristics of the corporate form of Discuss the characteristics of the corporate form of organization.organization.2.2.Identify the key component

2、s of stockholders equity.Identify the key components of stockholders equity.3.3.Explain the accounting procedures for issuing shares of stock.Explain the accounting procedures for issuing shares of stock.4.4.Describe the accounting for treasury stock.Describe the accounting for treasury stock.5.5.Ex

3、plain the accounting for and reporting of preferred stock.Explain the accounting for and reporting of preferred stock.6.6.Describe the policies used in distributing dividends.Describe the policies used in distributing dividends.7.7.Identify the various forms of dividend distributions.Identify the va

4、rious forms of dividend distributions.8.8.Explain the accounting for small and large stock dividends,and Explain the accounting for small and large stock dividends,and for stock splits.for stock splits.9.9.Indicate how to present and analyze stockholders equity.Indicate how to present and analyze st

5、ockholders equity.Learning ObjectivesChapter 15-4Issuance of Issuance of stock stockReacquisition Reacquisition of shares of sharesThe Corporate The Corporate Form FormCorporate Corporate Capital CapitalPreferred Preferred Stock StockDividend Dividend Policy PolicyPresentation Presentation and Analy

6、sis and AnalysisState State corporate law corporate lawCapital stock Capital stock or share or share system systemVariety of Variety of ownership ownership interests interestsFeatures FeaturesAccounting Accounting for and for and reporting reporting preferred preferred stock stockFinancial Financial

7、 condition and condition and dividend dividend distributions distributionsTypes of Types of dividends dividendsStock split Stock splitDisclosure of Disclosure of restrictions restrictionsPresentation PresentationAnalysis AnalysisStockholders EquityChapter 15-5Three primary forms of business organiza

8、tionThe Corporate Form of OrganizationProprietorship Proprietorship Partnership Partnership Corporation CorporationLO 1 Discuss the characteristics of the corporate form of organization.Special characteristics of the corporate form:1.Influence of state corporate law.2.Use of capital stock or share s

9、ystem.3.Development of a variety of ownership interests.Chapter 15-6State Corporate LawThe Corporate Form of OrganizationLO 1 Discuss the characteristics of the corporate form of organization.Corporation must submit articles of incorporation to the state in which incorporation is desired.General Mot

10、ors-incorporated in Delaware.U.S.Steel-incorporated in New Jersey.Accounting for stockholders equity follows the provisions of each states business incorporation act.Chapter 15-7Capital Stock or Share SystemThe Corporate Form of OrganizationLO 1 Discuss the characteristics of the corporate form of o

11、rganization.In the absence of restrictive provisions,each share carries the following rights:1.To share proportionately in profits and losses.2.To share proportionately in management(the right to vote for directors).3.To share proportionately in assets upon liquidation.4.To share proportionately in

12、any new issues of stock of the same classcalled the preemptive right.Chapter 15-8Variety of Ownership InterestsThe Corporate Form of OrganizationLO 1 Discuss the characteristics of the corporate form of organization.Common stock represents basic ownership interest.Bears ultimate risks of loss.Receiv

13、es the benefits of success.Not guaranteed dividends nor assets upon dissolution.Preferred stock is created by contract,when stockholders sacrifice certain rights in return for other rights or privileges,usually dividend preference.Chapter 15-9Contributed Contributed Capital CapitalRetained Earnings

14、Retained EarningsAccount AccountAdditional Paid-Additional Paid-in Capital in CapitalAccount AccountLess:Less:Treasury Stock Treasury StockAccountTwo Primary Sources of EquityCorporate CapitalLO 2 Identify the key components of stockholders equity.Common Stock Common StockAccount AccountPreferred St

15、ock Preferred StockAccount AccountAssets Assets Liabilities=Liabilities=Equity EquityChapter 15-10Issuance of StockAccounting problems:1.Par value stock.2.No-par stock.3.Stock issued with other securities.4.Stock issued in noncash transactions.5.Costs of issuing stock.LO 3 Explain the accounting pro

16、cedures for issuing shares of stock.Corporate CapitalShares authorized-Shares sold-Shares issuedChapter 15-11Par Value StockLow par values help companies avoid a contingent liability.Corporations maintain accounts for:Preferred Stock or Common Stock.Additional Paid-in CapitalLO 3 Explain the account

17、ing procedures for issuing shares of stock.Corporate CapitalChapter 15-12BE15-1BE15-1:KC Corporation issued 300 shares of$10:KC Corporation issued 300 shares of$10 par value common stock for$4,500.Prepare KCs par value common stock for$4,500.Prepare KCs journal entry.journal entry.CashCash4,5004,500

18、Common stock Common stock(300 x$10)(300 x$10)3,0003,000Journal entry:Journal entry:Additional paid-in capitalAdditional paid-in capital1,5001,500LO 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalChapter 15-13No-Par StockReasons for issuance:Avoids contingent liabili

19、ty.Avoids confusion over recording par value versus fair market value.LO 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalSome states require that no-par stock have a stated value.Chapter 15-14BE15-2 BE15-2:Swarten Corporation issued 600 shares of no-:Swarten Corporat

20、ion issued 600 shares of no-par common stock for$8,200.Prepare Swartens par common stock for$8,200.Prepare Swartens journal entry if(a)the stock has no stated value,and(b)journal entry if(a)the stock has no stated value,and(b)the stock has a stated value of$2 per share.the stock has a stated value o

21、f$2 per share.Cash Cash 8,200 8,200Common stock Common stock 8,200 8,200Journal entry:Journal entry:LO 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalCash Cash 8,200 8,200Common stock Common stock(600 x$2)(600 x$2)1,200 1,200Additional paid-in capital Additional pai

22、d-in capital 7,000 7,000a.a.b.b.Chapter 15-15Stock Issued with Other SecuritiesTwo methods of allocating proceeds:1.the proportional method and2.the incremental method.LO 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalChapter 15-16BE15-4 BE15-4:Ravonette Corporation

23、 issued 300 shares of$10 par value:Ravonette Corporation issued 300 shares of$10 par value common stock and 100 shares of$50 par value preferred stock for common stock and 100 shares of$50 par value preferred stock for a lump sum of$13,500.The common stock has a market value of a lump sum of$13,500.

24、The common stock has a market value of$20 per share,and the preferred stock has a market value of$90$20 per share,and the preferred stock has a market value of$90 per share.per share.LO 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalProportional MethodChapter 15-17L

25、O 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalCash Cash 13,500 13,500Preferred stock(100 x$50)Preferred stock(100 x$50)5,000 5,000Journal entry(Proportional):Journal entry(Proportional):Additional paid-in capital-preferred Additional paid-in capital-preferred 3,1

26、00 3,100Common stock(300 x$10)Common stock(300 x$10)3,000 3,000Additional paid-in capital-common Additional paid-in capital-common 2,400 2,400BE15-4 BE15-4:Ravonette Corporation issued 300 shares of$10 par value:Ravonette Corporation issued 300 shares of$10 par value common stock and 100 shares of$5

27、0 par value preferred stock for common stock and 100 shares of$50 par value preferred stock for a lump sum of$13,500.The common stock has a market value of a lump sum of$13,500.The common stock has a market value of$20 per share,and the preferred stock has a market value of$90$20 per share,and the p

28、referred stock has a market value of$90 per share.per share.Chapter 15-18BE15-4 BE15-4:(Variation)Ravonette Corporation issued 300 shares of:(Variation)Ravonette Corporation issued 300 shares of$10 par value common stock and 100 shares of$50 par value$10 par value common stock and 100 shares of$50 p

29、ar value preferred stock for a lump sum of$13,500.The common stock has preferred stock for a lump sum of$13,500.The common stock has a market value of$20 per share,and the value of the preferred a market value of$20 per share,and the value of the preferred stock is unknown.stock is unknown.LO 3 Expl

30、ain the accounting procedures for issuing shares of stock.Corporate CapitalIncremental MethodChapter 15-19LO 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalCash Cash 13,500 13,500Preferred stock(100 x$50)Preferred stock(100 x$50)5,000 5,000Journal entry(Incremental)

31、:Journal entry(Incremental):Additional paid-in capital-preferred Additional paid-in capital-preferred 2,500 2,500Common stock(300 x$10)Common stock(300 x$10)3,000 3,000Additional paid-in capital-common Additional paid-in capital-common 3,000 3,000BE15-4 BE15-4:(Variation)Ravonette Corporation issued

32、 300 shares of:(Variation)Ravonette Corporation issued 300 shares of$10 par value common stock and 100 shares of$50 par value$10 par value common stock and 100 shares of$50 par value preferred stock for a lump sum of$13,500.The common stock has preferred stock for a lump sum of$13,500.The common sto

33、ck has a market value of$20 per share,and the value of the preferred a market value of$20 per share,and the value of the preferred stock is unknown.stock is unknown.Chapter 15-20Stock Issued in Noncash TransactionsThe general rule:Companies should record stock issued for services or property other t

34、han cash at either the:fair value of the stock issued or fair value of the noncash consideration received,whichever is more clearly determinable.LO 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalChapter 15-21LO 3 Explain the accounting procedures for issuing shares

35、of stock.Corporate CapitalLand Land 80,000 80,000Common stock Common stock(24,000 x$2)(24,000 x$2)48,000 48,000April 1 April 1:Issued 24,000 shares of common stock for land.Issued 24,000 shares of common stock for land.The asking price of the land was$90,000;the fair market The asking price of the l

36、and was$90,000;the fair market value of the land was$80,000.value of the land was$80,000.Additional paid-in capital Additional paid-in capital 32,000 32,000E15-2 E15-2:Kathy Crystal Corporation was organized on:Kathy Crystal Corporation was organized on January 1,2010.It is authorized to issue 500,0

37、00 shares January 1,2010.It is authorized to issue 500,000 shares of no par common stock with a stated value of$2 per of no par common stock with a stated value of$2 per share.Prepare the journal entry to record the following.share.Prepare the journal entry to record the following.Chapter 15-22LO 3

38、Explain the accounting procedures for issuing shares of stock.Corporate CapitalOrganization expense Organization expense 50,000 50,000Common stock Common stock(10,000 x$2)(10,000 x$2)20,000 20,000Aug.1 Aug.1:Issued 10,000 shares of common stock to Issued 10,000 shares of common stock to attorneys in

39、 payment of their bill of$50,000 for services attorneys in payment of their bill of$50,000 for services rendered in helping the company organize.rendered in helping the company organize.Additional paid-in capital Additional paid-in capital 30,000 30,000E15-2 E15-2:Kathy Crystal Corporation was organ

40、ized on:Kathy Crystal Corporation was organized on January 1,2010.It is authorized to issue 500,000 shares January 1,2010.It is authorized to issue 500,000 shares of no par common stock with a stated value of$2 per of no par common stock with a stated value of$2 per share.Prepare the journal entry t

41、o record the following.share.Prepare the journal entry to record the following.Chapter 15-23Costs of Issuing StockDirect costs incurred to sell stock,such as underwriting costs,accounting and legal fees,printing costs,andtaxes,should be reported as a reduction of the amounts paid in(additional paid-

42、in capital).LO 3 Explain the accounting procedures for issuing shares of stock.Corporate CapitalChapter 15-24Reacquisition of SharesLO 4 Describe the accounting for treasury stock.Corporations purchase their outstanding stock:To provide tax-efficient distributions of excess cash to shareholders.To i

43、ncrease earnings per share and return on equity.To provide stock for employee stock compensation contracts or to meet potential merger needs.To thwart takeover attempts or to reduce the number of stockholders.To make a market in the stock.Corporate CapitalChapter 15-25Purchase of Treasury StockTwo a

44、cceptable methods:Cost method(more widely used).Par or Stated value method.Treasury stock,reduces stockholders equity.Corporate CapitalLO 4 Describe the accounting for treasury stock.Chapter 15-26Corporate CapitalIllustration Illustration:Pacific Company issued 100,000 shares of:Pacific Company issu

45、ed 100,000 shares of$1 par value common stock at a price of$10 per share.$1 par value common stock at a price of$10 per share.In addition,it has retained earnings of$300,000.In addition,it has retained earnings of$300,000.LO 4 Describe the accounting for treasury stock.Illustration 15-4Chapter 15-27

46、Corporate CapitalIllustration Illustration:Pacific Company issued 100,000 shares of:Pacific Company issued 100,000 shares of$1 par value common stock at a price of$10 per share.$1 par value common stock at a price of$10 per share.In addition,it has retained earnings of$300,000.In addition,it has ret

47、ained earnings of$300,000.On January 20,2010,Pacific acquires 10,000 shares of On January 20,2010,Pacific acquires 10,000 shares of its stock at$11 per share.its stock at$11 per share.LO 4 Describe the accounting for treasury stock.Treasury stock Treasury stock 110,000 110,000Cash Cash 110,000 110,0

48、00Chapter 15-28Corporate CapitalIllustration Illustration:Stockholders equity section for Pacific:Stockholders equity section for Pacific after purchase of the treasury stock.after purchase of the treasury stock.LO 4 Describe the accounting for treasury stock.Illustration 15-5Chapter 15-29Sale of Tr

49、easury StockAbove Cost Below CostBoth increase total assets and stockholders equity.Corporate CapitalLO 4 Describe the accounting for treasury stock.Chapter 15-30Corporate CapitalCash Cash 15,000 15,000Treasury stock Treasury stock 11,000 11,000Paid-in capital from treasury stock Paid-in capital fro

50、m treasury stock 4,000 4,000Illustration Illustration:Pacific acquired 10,000 shares of its:Pacific acquired 10,000 shares of its treasury stock at$11 per share.It now sells 1,000 treasury stock at$11 per share.It now sells 1,000 shares at$15 per share on March 10.Pacific records shares at$15 per sh