中外比较会计ch11.ppt

Chapter 11 Stockholders’ equity Corporation (P408/262) A corporation is a legal entity having an existence separate and distinct from its owners. (shareholders or stock holders) Characteristic of Corporation (P408/262) 1.separate legal entity(独立的法律主体) 2.continuous life and transferability of ownership 3.no mutual agency（相互代理） 4.limited liability of stockholders（有限责任） 5.seperation of ownership and management（所有权和经营权分离） 6.corporation taxation 7.government regulation（政府管制） Stockholders’ Right (P410/267) 1.common stock Vote（投票权） Dividends（分红） remaining assets in liquidation（清算时获得剩余资产） preemptive right（优先认股权） 2.preferred stock (P412/269) preferred as to dividends（优先分红） preferred as to assets in event of liquidation （清算时优先获得剩余资产） no voting power There are two sources of stockholders’ equity (P411/268) common Paid-in capital Stock（股本） (Contributed capital) preferred 投入资本 Additional paid-in capital (Paid-in capital in excess of par ) 资本公积 Retained earnings（profit retained for use in the business留存收益） Exercise (P416/273) Issuance of stock(股票发行) 1.issuance for cash Par value stock(有面值股票) Arthur issues 10000 shares of $10 par value common stock for cash at $50 per share Dr. Cash 500,000 Cr. Common stock 100,000 Contributed/Paid-in capital in excess of par-common 400,000 No-par stock (无面值股票p416/273) Dr. Cash （all assets received） Cr. Common stock A recent survey of 600 companies reveals that they had 67 issues of no-par stock. 2.issuance for non-cash assets (p417/274) Example: BB acquires a piece of equipment in exchange for 500 shares of its $5 par common st