ACCOUNTING 102/Accounting for Corporations

Chapter 13 - Accounting for Corporations â—¦ Corporate Form of Organization â—¦ Common Stock â—¦ Dividends â—¦ Preferred Stock â—¦ Treasury Stock â—¦ Reporting of Equity Chapter 13 - Accounting for Corporations ? Corporate Form of Organization ? Common Stock ? Dividends ? Preferred Stock ? Treasury Stock ? Reporting of Equity I. Read Chapter 13. II. Go to the publisher website, www.mhhe.com/wildFAP21e using the 21st edition. (1) Click on Online Learning Center and click on student edition (2) Identify the chapter you are working on from the drop down list (3) Click on power-point presentation. (4) Go through the powerpoint presentation to reinforce what you have read. (there are also narrated slides you can view as well). III. In the same way, complete the Demonstration Problem in the Text book found at the end of the chapter as well as the Learn Smart assignments found in Connect before doing the graded connect assignments. All of these are practice tools before doing the graded assignments. Keep in mind, chapter quizzes, discussion questions (found below), connect assignments and module exams make up your grade. IV. Using the following website www.mhhe.com/wildFAP21e using the 21st edition. Follow these steps to submit your Chapter 13 quiz: (1) Click on Interactive Quiz (2) Complete the Multiple Choice Quiz Questions then Click on Submit Answers (3) Enter my email address [email protected] complete the other required fields and click on send email. V. Complete the Discussion Assignment below. Assignment Submission: Chapter 13 Discussion Assignment. Email your answers to this assignment below to [email protected]. Instructions 1. What is the difference between a stock dividend and a stock split? 2. What are organization expenses? Provide a couple of examples. 3. How are EPS results computed for a corporation with no preferred stock? What is the main limitation of using book vale per share to value a corporation? 4. List the general rights of common stockholders. 5. A corporation reacquires 10,000 shares of its own $25 par common stock for $420,000 recording it at cost. (a) what effect does this transaction have on revenue or expense for the period? (b) What effect does it have on stockholder's equity? 6. Why do laws place limits on treasury stock purchases?