基础会计英文版课件第二版郭桂杭 ISBN9787566307125 PPTChapter12 Corporation Organization and Stockholders'Equity.ppt

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1、Chapter12Corporation:OrganizationandStockholders’EquityWhatIsaCorporationAcorporationisalegalentityhavinganexistenceseparateanddistinctfromthatofitsowners.Thus,theassetsofacorporationbelongtothecorporationitself,nottothestockholders.AdvantagesandDisadvantagesofaCorporationAdvant

2、ages:LimitedliabilitiesforstockholdersEaseofaccumulatingcapitalOwnershipsharesarereadilytransferableProfessionalmanagementAdvantagesandDisadvantagesofaCorporationDisadvantages:DoubletaxationGreaterregulationAccountingforaCorporationStockholders'EquityRetainedEarningsCapitalStock

3、AuthorizationandIssuanceofCapitalStockStockissuedforAssetsOtherThanCashBookValueperShareofCommonStockStockholders'EquityRetainedEarningsRetainedEarnings=AccumulatedEarnings–Losses－DividendsCapitalStockCapitalstockrepresentstheamountinvestedbytheownersofthebusiness.Whentheownerso

4、facorporationinvestcashorotherassetsinthebusiness,thecorporationissuescapitalstockasevidenceoftheinvestors'ownershipequity.AuthorizationandIssuanceofCapitalStockcommonstock&preferredstockparvaluevs.marketvalueAuthorizationandIssuanceofCapitalStockCommonstockholdershavethefollowi

5、ngthreebasicrights:therighttovotefordirectorstherighttoshareinprofitsbyreceivingdividendstherighttoshareinthedistributionofassetsifthecorporationisliquidatedAuthorizationandIssuanceofCapitalStockPreferredstockshavethefollowingdistinctivefeatures:preferredastodividendscumulatived

6、ividendrightspreferredastoassetsineventoftheliquidationofthecorporationcallableatoptionofthecorporationnovotingpowerStockIssuedforAssetsotherthanCashAcorporationmayissuesharesofitscapitalstockinadirectexchangeforassetsorforservices.BookValueperShareofCommonStockanaccountingmeasu

7、rementofinterestBookvaluepershareistherealvalueitrepresents.Itisequaltothenetassetsrepresentedbyoneshareofstock.