Loose Leaf for Fundamental Accounting Principles
Loose Leaf for Fundamental Accounting Principles
23rd Edition
ISBN: 9781259687709
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
Question
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Chapter 13, Problem 17E
To determine

Concept Introduction:

Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits.

These components can be defined as under –

Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component.

Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued.

Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained.

Requirement 1

To Match:

a. Paid-in capital in excess of par value

b. Retained earnings

c. Common stock, par value

To be matched with –

a. Share capital

b. Share premium

c. Retained profits account titles.

To determine

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

To determine

Requirement 3

To determine:

Dividends for Unilever’s for 2015.

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Chapter 13 Solutions

Loose Leaf for Fundamental Accounting Principles

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