Chap14 Intermediate Accounting Ii Video
Long Term Liabilities: Intermediate Accounting Chapter 14 - Bonds Present Value and Yields Chap14 Intermediate Accounting IiClick the Upload button within the submission lesson to Chap14 Intermediate Accounting Ii the submission area. In the unit 2 assignment, we will record transactions that impact the equity section of the balance sheet. Corporations raise capital by selling stock in the corporation. When stock is sold, the common stock account is credited for the par value of the stock https://amazonia.fiocruz.br/scdp/blog/woman-in-black-character-quotes/equal-rights-of-american-muslims-in-various.php and the additional paid-in capital is credited for the amount greater than par. Corporations can also issue a class of stock which typically carries unique features.
This stock is known as preferred stock. Finally, corporations can declare dividends during the accounting period.
Dividends can be in various forms including cash, property, liquidating, and stock dividends. You will provide the journal entry to record issuing of common stock shares by a corporation, record issuing of cumulative preferred stock, and record a declaration of stock split. The following events occurred during the year:. Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric.
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