📘 Chapter 10 – Stockholders' Equity

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10 Terms

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Common Stock

recorded at par

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APIC

amount received over par

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Treasury Stock (cost method)

reduces equity, recorded at cost

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Preferred Stock

gets dividend priority, may be cumulative

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Dividends

reduce retained earnings

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Retained Earnings

net income − dividends (cumulative)

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Issuing Stock

Dr Cash

Cr Common Stock (par × shares)

Cr APIC (excess)

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Treasury Stock Purchase (cost method):

Dr Treasury Stock

Cr Cash

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Reissuing Treasury Stock above cost:

Dr Cash

Cr Treasury Stock

Cr APIC – Treasury

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EPS (Earnings per Share):

Net Income−Preferred Dividends​/Average Common Shares Outstanding