基础会计英文版课件第二版郭桂杭 ISBN9787566307125 PPTChapter13 Corporation Earnings per Share and Dividends.ppt

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1、Chapter13Chapter13Corporation:EarningsperShareandDividendsEarningsPerShare(EPS)Price-earningsratio(p/eratio)=MarketpricepershareofcommonstockAnnualearningspershareExamples:P243-244OtherStockholders'EquityTransactionsCashDividendsThreerequirementsforthepaymentofcash

2、dividends:retainedearningsanadequatecashpositiondividendactionbytheboardofdirectorsFoursignificantdatesinvolvedinthedistributionofadividendDateofdeclarationDateofrecordEx-dividenddateDateofpaymentStockDividendsStockDividends:adistributionofadditionalsharesofstockto

3、acompany'sstockholdersinproportiontotheirpresentholdings.StockdividendsVS.cashdividendsRecordingStockDividendsInvolvingfourdates(sameascashdividends):dateofdeclaration;dateofrecord;ex-dividenddate;dateofpayment.Smallstockdividends(lessthan25%ofthepreviouslyoutstand

4、ingshares)→presentmarketvalueLargestockdividends(morethan25%ofthepreviouslyoutstandingshares)→parvalueStatementofRetainedEarningsandPriorPeriodAdjustmentGuangliCo.Ltd.StatementofRetainedEarningsFortheYearEndedDecember31,2002Retainedearnings,December31,2001120000000

5、Netincomefor200232000000Subtotal152000000Less:Cashdividends:Preferredstock(12%ofparvalue)7200000Commonstock(0.1yuanpershare)553300010%stockdividend2515000037883000Retainedearnings,December31,2002114117000StatementofRetainedEarningsandPriorPeriodAdjustmentGuangliCo.

6、Ltd.StatementofRetainedEarningsFormonthendedJanuary31,2003Retainedearnings,December31,2002Asoriginallyreported114117000Add:Priorperiodadjustmentforerrorinrecordingnetincomefortheyear2001240000Asrestated114357000Netincomefor200340000000Subtotal154357000Less:Cashdivi

7、dendsPreferredstock(12%ofparvalue)7200000Commonstock(0.2yuanpershare)1106600018266000Retainedearnings,December31,2003136091000PriorPeriodAdjustmentTreasuryStockTreasurystock:sharesofacorporation'sowncapitalstockthathavebeenissuedandlaterreacquiredbytheissuingcompan

8、y.heldindefinitelyorissuedagainatanytimenotentitledtoreceivedividends,tovote,ortoshareinassetsupondissolutionofthecompanynotregardedasoutstanding