stockholders' equity - university of texas at arlington：股东权益-德克萨斯大学阿灵顿

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1、Chapter9Stockholders’Equity1LearningObjective1Explaintheadvantagesanddisadvantagesofacorporation.2CharacteristicsofaCorporationSeparatelegalentityContinuouslifeandtransferabilityofownershipLimitedliabilityforshareholders—limitedtotheirinvestmentSeparatio

2、nofownershipandmanagementCorporations,unlikeotherbusinesses,areseparatetaxableentitiesGovernmentregulation3AdvantagesofaCorporationCanraisemorecapitalthanaproprietorshiporpartnershipcanContinuouslifeEaseoftransferringownershipLimitedliabilityofstockholde

3、rs4DisadvantagesofaCorporation1.SeparationofownershipandmanagementTycoCEOallegedlylootedthecompanyEnronspecialpurposeentitites[SPE’s]abuses2.Corporatetaxation:DoubletaxationFranchisetaxestoremainincorporated3.Governmentregulation:StateregulationFederalle

4、gislationforpubliccorporations5StockholdersBoardofDirectorsChairpersonoftheBoardPresidentAuthorityStructureofaCorporation6VoteDividendsLiquidationPreemptionStockholders’Rights7Stockholders’EquityTwomaincomponents:Paid-incapital(contributedcapital)Retaine

5、dearnings8CapitalStockAuthorizednumberofsharesislimitedbycorporatecharterOutstandingsharesarethosewhichhavebeensold9CapitalStockCommonStockMostbasicformofcapitalstock-issuedbyeverycorporationPreferredStockHasseveralpreferencesovercommonstock10CapitalStoc

6、kParValueStockAnarbitraryamountassignedtoashareofstockDoesnothaveparvalue,butmayhavestatedvalueNo-parStock11LearningObjective2Measuretheeffectofissuingstockonacompany’sfinancialposition.12CommonStockatParJan8Cash(6,200x$10)62,000CommonStock62,000Torecor

7、dissuanceofstockSupposeIHOP’scommonstockhasaparvalueof$10pershare.Thecompanyissues6,200sharesofcommonstockatpar.Whatistheentry?©2006PrenticeHallBusinessPublishingFinancialAccounting,6/eHarrison/Horngren13CommonStockatParJul23Cash(6,200x$10)62,000CommonSt

8、ock62Paid-inCapitalinExcessofPar61,938TorecordissuanceofstockSupposeIHOP’scommonstockhasaparvalueof$0.01pershare.Thecompanyissues6,200sharesofcommonstockfor$10pershare.Whatistheentry?©2006PrenticeHallBusinessPublishingFina