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Accounting and Reporting of Stockholders’ Equity Pertemuan 3

Accounting and Reporting of Stockholders’ Equity Pertemuan 3. Matakuliah : 0054F/Akuntansi Keuangan 2 Tahun : 2009. Penjelasan. Tugas Pribadi Terdiri Dari : Home Work 1 Home Work 2 Home Work 3 Home Work 4 Resume Online Reading

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Accounting and Reporting of Stockholders’ Equity Pertemuan 3

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  1. Accounting and Reporting of Stockholders’ Equity Pertemuan 3 Matakuliah : 0054F/Akuntansi Keuangan 2 Tahun : 2009

  2. Penjelasan Tugas Pribadi Terdiri Dari : Home Work 1 Home Work 2 Home Work 3 Home Work 4 Resume Online Reading Tugas Kelompok berupa makalah ringkas Standar Akuntansi Keuangan yang relevan dengan topik bahasan

  3. Home Work 1 (Exercise. 15-8) Otis Thorpe Corporation has 10,000 shares of $100 par value, 8%, preferred stock and 50,000 shares of $10 par value common stock outstanding at December 31, 2007. Instructions Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2004, what are the dividends in arrears that should be reported on the December 31, 2007, balance sheet? How should these dividends be reported? (b) If the preferred stock is convertible into seven shares of $10 par value common stock and 4,000 shares are converted, what entry is required for the conversion assuming the preferred stock was issued at par value? (c) If the preferred stock was issued at $107 per share, how should the preferred stock be reported in the stockholders’ equity section?

  4. Home Work 2 (Exercise. 15-14) The stockholders’ equity accounts of G.K. Chesterton Company have the following balances on December 31, 2007. • Common stock, $10 par, 300,000 shares issued and outstanding $3,000,000 • Paid-in capital in excess of par 1,200,000 • Retained earnings 5,600,000 Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange at $37. Instructions Prepare the appropriate journal entries for each of the following cases. (a) A stock dividend of 5% is declared and issued. (b) A stock dividend of 100% is declared and issued. (c) A 2-for-1 stock split is declared and issued.

  5. Home Work 3 (Problem. 15-5) Before Polska Corporation engages in the treasury stock transactions listed below, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share). Paid-in Capital in Excess of ParCommon StockRetained Earnings $99,000 $270,000 $80,000 Instructions Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. (a) Bought 380 shares of treasury stock at $39 per share. (b) Bought 300 shares of treasury stock at $43 per share. (c) Sold 350 shares of treasury stock at $42 per share. (d) Sold 120 shares of treasury stock at $38 per share.

  6. Home Work 4 (Problem. 15-11) Gul Ducat Corporation has outstanding 2,000,000 shares of common stock of a par value of $10 each. The balance in its retained earnings account at January 1, 2007, was $24,000,000, and it then had Additional Paid-in Capital of $5,000,000. During 2007, the company’s net income was $5,700,000. A cash dividend of $0.60 a share was paid June 30, 2007, and a 6% stock dividend was declared on November 30, 2007, and distributed to stockholders of record at the close of business on December 31, 2007. You have been asked to advise on the proper accounting treatment of the stock dividend. The existing stock of the company is quoted on a national stock exchange. The market price of the stock has been as follows. October 31, 2007 $31 November 30, 2007 $35 December 31, 2007 $38

  7. Home Work 4 (Problem. 15-11) Instructions (a) Prepare the journal entry to record the cash dividend. (b) Prepare the journal entry to record the stock dividend. (c) Prepare the stockholders’ equity section (including schedules of retained earnings and additional paid-in capital) of the balance sheet of Gul Ducat Corporation for the year 2007 on the basis of the foregoing information. Draft a note to the financial statements setting forth the basis of the accounting for the stock dividend, and add separately appropriate comments or explanations regarding the basis chosen.

  8. Resume Online Reading Agar Mahasiswa membuat resume dari salah satu materi online reading yang sudah dipelajari. Maksimal penulisan resume tersebut adalah 2 halaman.

  9. Tugas Kelompok Secara berkelompok mahasiswa membuat makalah/resume Standar Akuntansi Keuangan yang relevan dengan topik bahasan untuk dipresentasikan di depan kelas.

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