intermediate accounting shareholders’ equity

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1、ConfirmingPagesCHAPTER18Shareholders’EquityOVERVIEWWeturnourattentionfromliabilities,whichrepresentthecreditors’inter-estsintheassetsofacorporation,totheshareholders’residualinterestinthoseassets.Thediscussionsdistinguishbetweenthetwobasicsourcesofshareholders’equity:

2、(1)investedcapitaland(2)earnedcapital.Weexploretheexpansionofcorporatecapitalthroughtheissuanceofsharesandthecontractioncausedbytheretirementofsharesorthepurchaseoftreasuryshares.Inourdiscussionsofretainedearnings,weexaminecashdividends,propertydividends,stockdividend

3、s,andstocksplits.LEARNINGAfterstudyingthischapter,youshouldbeableto:OBJECTIVES●LO18–1Describethecomponentsofshareholders’equityandexplainhowtheyarereportedinastatementofshareholders’equity.(p.1080)●LO18–2Describecomprehensiveincomeanditscomponents.(p.1082)●LO18–3Under

4、standthecorporateformoforganizationandthenatureofstock.(p.1085)●LO18–4Recordtheissuanceofshareswhensoldforcashandfornoncashconsideration.(p.1091)●LO18–5Distinguishbetweenaccountingforretiredsharesandfortreasuryshares.(p.1095)●LO18–6Describeretainedearningsanddistingui

5、shitfrompaid-incapital.(p.1102)●LO18–7Explainthebasisofcorporatedividends,includingthesimilaritiesanddifferencesbetweencashandpropertydividends.(p.1102)●LO18–8Explainstockdividendsandstocksplitsandhowweaccountforthem.(p.1104)●LO18–9DiscusstheprimarydifferencesbetweenU

6、.S.GAAPandIFRSwithrespecttoaccountingforshareholders’equity.(pp.1084,1090,and1101)sspi2532X_ch18_1078-1137.indd1078pi2532X_ch18_1078-1137.indd1078113/01/124:33PM3/01/124:33PMConfirmingPagesFINANCIALREPORTINGCASETextronInc.Finally,youhavesomeuninterruptedtimetogetbacko

7、nthenet.EarliertodayyounoticedontheInternetthatthemarketpriceofTextronInc.’scommonstockwasupalmost10%.You’vebeeneagertolookintowhythishappened,buthavehadonemeetingafteranotherallday.TextronInc.isa$14billionmulti-industrycompanyoperatingin32countriesknownforitsBellHeli

8、-copter,CessnaAircraft,andotherbrands.You’vebeenastockholderofTextronsincethebeginningoftheyearwhenyourunclebraggedtoyouabou