对外经贸会计课件专业英语.ppt

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1、STOCKHOLDERS’EQUITY:PAID-INCAPITALChapter11Existenceisseparatefromowners.Anentitycreatedbylaw.Hasrightsandprivileges.Privately,orClosely,HeldPubliclyHeldOwnershipcanbeCorporationsLimitedpersonalliabilityforstockholders.Transferabilityofownership.Professionalmanagement.Continuityofexistence.Advantag

2、esofIncorporationHeavytaxation.Greaterregulation.Costofformation.Separationofownershipandmanagement.DisadvantagesofIncorporationPubliclyOwnedCorporationsFaceDifferentRulesByLAW,publiclyownedcorporationsmust:PreparefinancialstatementsinaccordancewithGAAP.Havetheirfinancialstatementauditedbyanindepen

3、dentCPA.Complywithfederalsecuritieslaws.SubmitfinancialinformationforSECreview.Thecostsassociatedwithincorporationareusuallyexpensedimmediately,butamortizedover5yearsfortaxpurposes.FormationofaCorporationEachcorporationisformedaccordingtothelawsofthestatewhereitislocated.Theapplicationforcorporates

4、tatusiscalledtheArticlesofIncorporation.StockholdersRightsVoting(inpersonorbyproxy).Proportionatedistributionofdividends.Proportionatedistributionofassetsinaliquidation.RightsofStockholdersUltimatecontrolStockholdersusuallymeetonceayear.RightsofStockholdersUltimatecontrolStockholdersusuallymeetonce

5、ayear.Stockholderledgersareoftenmaintainedbyastocktransferagentorstockregistrar.RightsofStockholdersEachunitofownershipiscalledashareofstock.Astockcertificateservesasproofthatastockholderhaspurchasedshares.RightsofStockholdersWhenthestockissold,thestockholdersignsatransferendorsementonthebackofthes

6、tockcertificate.RightsofStockholdersOverallresponsibilityformanagingthecompany.SelectedbyavoteofthestockholdersFunctionsoftheBoardofDirectorsChiefAccountantContractualandlegalrepresentationCustodianoffundsFunctionsoftheCorporateOfficersStockholders’EquityofaCorporationThemaximumnumberofsharesofcapi

7、talstockthatcanbesoldtothepublic.AuthorizedSharesAuthorizationandIssuanceofCapitalStockIssuedsharesareauthorizedsharesofstockthathavebeensold.Unissuedsharesareauthorizedsharesofstockthatneverhavebeensold.U