ACCT 201 1st Edition Lecture 28 Outline of Last Lecture I Taxes on the Balance Sheet Outline of Current Lecture II III Par Value Stocks Reporting and Analyzing Stockholders Equity Current Lecture PAR Value A Cash L SE Common Stock or Cash Common Stock PAR Additional Paid in Everything about PAR Company sold 100 shares of common stock with 1 PAR for 5 each A L SE 500 Cash 100 Common Stock 100 x 5 400 Add Paid in Pref Stock PAR for pref Add Paid in Entries for cash dividends 1 Date of Declaration A L SE Div Pay Dividend 2 Date of Record internal documentation only NO ACCT ENTRY Summarizes who are all of the owners and how many shares do they own 3 Date of Payment A L SE Cash Div Pay Different types of Stock Authorized amount of stock that a company is authorized to sell Issued sold to the market can t become unissued These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Outstanding only trait that can come and go dividends are only paid to outstanding stocks Treasury Stock company buys back stock retire Contra equity account
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