所有者權(quán)益(1)-預(yù)覽頁
【正文】 20 000 如果是非累積優(yōu)先股（ Noncumulative）， 則優(yōu)先股股利為 $100 000，而普通股股利為 $220 000 （二）優(yōu)先股股利 （三）股票股利 （ Stock dividend） ? 按股東持股比例分派公司自己的股票 ? 特點 ? 既不影響公司的資產(chǎn)和負(fù)債，也不影響股東權(quán)益總額（增加股本，減少留存收益） ? 不影響各個股東的所有權(quán)份額 ? 分派股票股利的原因 ? 既發(fā)放股利，又保留了公司現(xiàn)金 ? 股東分享了收益，并可免交所得稅 ? 降低股票市價以吸引廣大的投資者 ? 宣布股票股利不會產(chǎn)生一項負(fù)債 （三）股票股利 ? 應(yīng)區(qū)分少量股票股利和大量股票股利 少量（ small） 股票股利 ? 分派的股票股利少于原有股數(shù)的 20% ? 因?qū)κ袃r影響較小，則按市場價格結(jié)轉(zhuǎn) 大量（ large） 股票股利 ? 分派的股票股利大于原有股數(shù)的 25% ? 影響市價，應(yīng)按面值結(jié)轉(zhuǎn) （三）股票股利 ? 例，該公司宣布 10%的少量股票股利，當(dāng)時的市價為 $16。 （四）股票分割 （ 五）股票期權(quán) ? A stock option is a contract that allows the holder to buy a stated number of shares of stock for a fixed price, called the exercise price. For example, an option that the holder can buy 100 shares at $20 before Jan 1, 2023. ? When the price goes to $15 ($30, $40), the value of option is_____ （ 五）股票期權(quán) ? In American, top management is often pensated in stock or stock options. Why? Provide strong incentives so that managers will make decisions to increase the price of shares. ? A few terms: ? grant date: the date that the firm transfers options to an employee ? Vesting date:The employee typically cannot buy the stock immediately but must wait until a given date ? Exercise price: the price that the holders can buy ? Exercise the option: The employee does use the option （ 五）股票期權(quán) ? One cannot know the ultimate value until the exercise date. ? Two GAAP methods: ? Market Value Method. Recognize pensation expense at issuing date. ? APB Opinion 25 Method. No recording at issuing date if exercise price larger than or equal to current price ? When managers exercise options, Dr. Cash XXX Cr. Common Stock XX Cr. Additional XX （ 五）股票期權(quán) ? What is the market value of options at award date? Does it worth nothing? ? What is the effect on financial statements? ? What is the effect on shareholders’ wealth?
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