会计学(英文版)StockholdersEquity Paid-in Capital 文档全文预览

Slide11-1Chapter

11Stockholders?Equity:

Paid-in

Capita?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1CorporationsExistence

isseparate

fromowners.An

entitycreated

by

law.Has

rights

andprivileges.Privately,

orClosely,

HeldPublicly

HeldOwnershipcan

be?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Why

Businesses

IncorporateStockholders

have

nopersonal

liability.Privately,

orClosely

HeldPublicly

HeldTransferability

ofownership.Professionalmanagement.Continuity

ofexistence.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1l

Disclose

financialinformation.l

Financial

statementsprepared

in

accordance

withGAAP.l

CPAs

must

audit

the

financialstatements.l

Must

comply

with

federalsecurities

laws.l

Must

submit

financialinformation

for

SEC

review.Publicly

Owned

Corporations

faceDifferent

Rules?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Rights

of

StockholdersStockholdersRights¶Voting

(in

personor

by

proxy).·Proportionatedistribution

ofdividends.¸Proportionatedistribution

ofassets

in

aliquidation.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Rights

of

StockholdersUltimatecontrolStockholdersusually

meetonce

a

year.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Rights

of

StockholdersStockholderledgers

are

oftenmaintained

by

astock

transferagent

or

stockregistrar.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Each

unit

ofownership

iscalled

a

share

ofstock.A

stockcertificate

servesas

proof

that

astockholder

haspurchasedshares.Rights

of

Stockholders?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1When

the

stockis

sold,

thestockholdersigns

a

transferendorsement

onthe

back

of

thestock

certificate.Rights

of

Stockholders?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Functions

of

the

Board

of

DirectorsOverallresponsibilityfor

managingthe

company.Selected

by

avote

of

thestockholders?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Functions

of

the

Corporate

OfficersChiefAccountantContractual

and

legalrepresentationCustodian

offunds?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Authorization

and

Issuance

ofCapital

StockAuthorizedSharesThe

maximum

numberof

shares

of

capitalstock

that

can

be

soldto

the

public.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1AuthorizedSharesIssuedshares

areauthorizedshares

ofstock

thathave

beensold.Unissuedshares

areauthorizedshares

ofstock

thatnever

havebeen

sold.Usuallyshares

aresoldthrough

anunderwriter.Authorization

and

Issuance

ofCapital

Stock?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1UnissuedSharesTreasurySharesOutstandingSharesTreasury

shares

areissued

shares

that

havebeen

reacquired

by

thecorporation.IssuedSharesOutstanding

shares

areissued

shares

that

areowned

by

stockholders.AuthorizedSharesAuthorization

and

Issuance

ofCapital

Stock?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Paid-In

Capital

of

a

Corporation?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Par

value

is

anarbitraryamount

assigned

toeach

share

ofstock

when

it

isauthorized.Market

price

isthe

amount

thateach

share

ofstock

will

sellfor

in

themarket.Stockholders?Equity?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Common

stock

can

be

issued

in

three

forms:No-ParCommonStockPar

ValueCommonStockStated

ValueCommon

StockLet抯examinethis

form

ofstock.Stockholders?Equity?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Issuance

of

Par

Value

StockRecord:The

cash

received.The

number

of

shares

issued

?the

par

valueper

share

in

the

Common

Stock

account.The

remainder

is

assigned

to

ContributedCapital

in

Excess

of

Par.Prepare

the

journal

entry

to

record

an

issuanceof

10,000

shares

of

$2

par

value

stock

for

$25per

share

which

occurred

on

September

1,

1999.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Issuance

of

Par

Value

StockThe

journal

entry

to

record

an

issuance

of

10,000shares

of

$2

par

value

stock

for

$25

pershareonSeptember

1,

1999

should

include

a

credittocommon

stock

for

the

par

value

of

the

sharesissued.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Issuance

of

Par

Value

Stock?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Common

stock

can

be

issued

in

three

forms:No-ParCommonStockPar

ValueCommonStockStated

ValueCommon

StockStockholders?EquityAll

proceedscredited

toCommon

StockTreated

likepar

valuecommon

stock?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Preferred

StockA

separate

class

of

stock,

typically

havingpriority

over

common

shares

in

.

.

.l

Dividend

distributions.l

Distribution

of

assets

in

case

of

liquidation.Usually

has

astateddividend

rate.Normally

hasnovotingrights.Usuallycallable

bythe

company.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Cumulative

Preferred

StockVs.

NoncumulativeCumulativeDividends

inarrears

must

bepaid

beforedividends

may

bepaid

on

commonstock.Undeclareddividends

fromcurrent

and

prioryears

do

not

haveto

be

paid

infutureyears.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Stock

Preferred

as

to

DividendsExample:

Consider

the

following

partial

Statement

ofStockholders?Equity.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillDuring

1999,

the

directors

declare

cash

dividends

of$5,000.

In

year

2000,

the

directors

declare

cash

dividendsof

$42,000.Slide11-1Stock

Preferred

as

to

Dividends?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Convertible

Preferred

StockI

just

converted

100

sharesof

preferred

stock

into

1,000shares

of

common

stock

andended

up

with

a

higherdividend

yield!Gee,

Ican’nt

dothat

with

mypreferredstock.Some

preferredstock

is

convertibleinto

shares

ofcommon

stock.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Preferred

Stock?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Stock

Issued

for

Assets

Other

ThanCashCompanies

sometimes

issuestock

in

exchange

for

non-cash

assets.Record

the

transaction

at

themarket

value

of

the

goods

orservices

received.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1I

love

thisstuff!Can

we

do?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-Hillsome

more?Slide11-1Market

ValueAccounting

bythe

issuer.Accounting

bythe

invester.Common

stock

is

carriedat

original

issue

price.Investments

in

marketablesecurities

are

carried

atmarket

value.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Market

Price

of

Preferred

StockFactors

affectingmarket

price

ofpreferred

stock:l

Dividend

ratel

Riskl

Level

of

interestratesThe

return

based

on

themarket

value

is

calledthe揹ividend

yield??The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Market

Price

of

Common

StockFactors

affectingmarket

price

ofcommon

stock:l

Investors?expectations

of

futureprofitability.l

Risk

that

this

levelof

profitability

willnot

be

achieved.Changes

in

market

valuehave

no

impact

on

thebooks

of

the

issuer.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Stock

SplitsCompanies

usestock

splits

toreduce

marketprice.Outstanding

sharesincrease,

but

parvalue

is

decreasedproportionately.Ice

Cream

Parlor?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillBanana

SplitsOn

Sale

NowSlide11-1Stock

SplitsExampleAssume

that

a

corporation

had

5,000sharesof

$1

par

value

common

stock

outstandingbeforea2杅or?stock

split.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1IncreaseDecreaseNoChangeStock

Splits?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillExampleAssume

that

a

corporation

had

5,000sharesof

$1

par

value

common

stock

outstandingbeforea2杅or?stock

split.Slide11-1UnissuedSharesTreasurySharesOutstandingSharesTreasury

shares

areissued

shares

that

havebeen

reacquired

by

thecorporation.IssuedSharesAuthorizedSharesTreasury

Stock?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Treasury

StockNo

votingordividendrightsContraequityaccountWhen

stock

is

reacquired,

the

corporationrecords

the

treasury

stock

at

cost.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-1Treasury

StockExampleOn

May

1,

1998

East

Corp.

reacquired

3,000

sharesof

its

common

stock

at

$55

per

share.Prepare

the

journal

entry

for

May

1.?The

McGraw-Hill

Companies,

Inc.,

1999Irwin/McGraw-HillSlide11-