中級(jí)財(cái)務(wù)會(huì)計(jì)課件(編輯修改稿)
2024-10-22 23:02 本頁(yè)面
【文章內(nèi)容簡(jiǎn)介】 default occurs, the accounting is determined by the relevant contract provisions, such as Stock Subscriptions Chapter 1035 The subscriber to the 50 remaining shares defaults on the contract. The contract requires the forfeiture of all amounts paid in. Common Stock Subscribed 300 Additional Paidin Capital on Common Stock 350 Subscription Receivable: Common Stock 500 Additional Paidin Capital from Subscription Default 150 50 X $7 50 X $6 50 X $10 Stock Subscriptions Chapter 1036 ? Use the current market value of the stock issued or the noncash consideration received, whichever is most reliably determinable. ? If market values cannot be determined, use appraised values. Issuing Stock for Noncash Assets Chapter 1037 Total proceeds must be allocated among the classes of stock issued: ? Proportional method Allocate the lumpsum received among the classes of stock issued based on their relative market values. ? Incremental method Allocate a portion of the lumpsum received to one security based on that security’s market value and allocate the remainder to the other security. Combined Sales of Stock Chapter 1038 Common Stock: $16 x 2 shares x 100 = $ 3,200 Preferred Stock: $60 x 1 share x 100 = 6,000 Total market value $9,200 A corporation issues 100 packages of securities for $ per package. Each package consists of two shares of $10 par mon stock (market value, $16 per share) and one share of $50 par preferred stock (market value, $60 per share). Combined Sales of Stock Example Chapter 1039 A corporation issues 100 packages of securities for $ per package. Each package consists of two shares of $10 par mon stock (market value, $16 per share) and one share of $50 par preferred stock (market value, $60 per share). Common Stock: x $8,280 = $2,880 $3,200 $9,200 Preferred Stock: x $8,280 = 5,400 $6,000 $9,200 $8,280 Combined Sales of Stock Example Chapter 1040 A corporation issues 100 packages of securities for $ per package. Each package consists of two shares of $10 par mon stock (market value, $16 per share) and one share of $50 par preferred stock (market value, $60 per share). Cash 8,280 Common Stock 2,000 Additional Paidin Capital on Com. Stock 880 Preferred Stock, $50 par 5,000 Additional Paidin Capital on Pref. Stock 400 Combined Sales of Stock Example Chapter 1041 Costs incurred to issue stock ? Registration fees ? Underwriter missions ? Attorney and accountant fees ? Printing costs ? Clerical costs ? Promotional costs Stock Issue Costs Chapter 1042 Two methods of accounting for stock issue costs: Offset method Debit costs to Contributed Capital in Excess of Par. Deferred charge method Debit an intangible asset and amortize over a reasonable period. Stock Issue Costs Chapter 1043 The FASB is planning to change GAAP so that all stock issuance costs are expensed as incurred. Stock Issuance Costs Chapter 1044 Represents an increase or decrease in stockholders’equity not arising from earnings, dividend payments, or a change in contributed capital. Examples include: ? Unrealized holding gains and losses on available for sale securities. ? Gains and losses resulting from translating foreigndenominated financial statements into US currency. ? Guarantees of ESOP debt. ? Pension liability adjustments. Unrealized Capital Chapter 1045 Any questions? Chapter 1046 Repurchased shares of a corporation’s own stock The shares are retired or used to: ? Issue in employee stock option programs. ? Establish a market for the pany’s stock. ? Purchase assets. ? Issue as a stock dividend. ? Increase earnings per share. ? Reduce ownership. ? Thwart takeover attempts. ? Reduce dividend payments. Treasury Stock Chapter 1047 ? Usually does not have: Voting rights Dividends rights Preemptive rights Liquidation rights ? Reduces both assets and stockholders’ equity ? Is classified as a contra account to stockholders’ equity Treasury Stock Characteristics Chapter 1048 Cost method (onetransaction concept) Par value method (dualtransaction concept) Treasury Stock Recording and Reporting Chapter 1049 The purchase and subsequent sale of treasury stock are viewed as one transaction with two parts. Treasury Stock Cost Method Chapter 1050 ? Acquisition of Treasury Stock Recorded at cost to acquire. Treasury Stock (DEBIT) Cash (CREDIT) ? Issuance of Treasury Stock Treasury Stock credited for cost. Difference between cost and issuance price is (generally) recorded in Additional Paidin CapitalTreasury Stock. Treasury Stock Cost Method Chapter 1051 Cost Method Ball issues 6,000 shares of $10 par mon stock for $12 per share: Cash 72,000 Common Stock $10 par 60,000 Additional Paidin Capital on Common Stock 12,000 Treasury Stock Chapter 1052 Cost Method Reacquisition of 1,000 shares of mon stock at $13 per share: Treasury Stock 13,000 Cash 13,000 Treasury Stock Chapter 1053 Cost Method Reissuance of 600 shares of treasury stock at $15 per share: Cash 9,000 Treasury Stock 7,800 Additional Paidin Capital from Treasury Stock 1,200 Treasury Stock Chapter 1054 Cost Method Reissuance of an
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