Part I:Watch the video and answer the question( in 250 words):https://www.youtube.com/watch?v=S_dRC9XcDTE
What is an IPO?Research two companies that have recently (within the past year)thathad an IPO. What are your thoughts about this company? Will their stock price continue to rise/decline, why or why not?
Part II:Watch the video and answer the question( in 250 words):
http://www.youtube.com/watch?v=CviGzYIf8og
Research a public company. Discuss why you would invest (buy stock) in this company and where do you see this company going in the next 5 years.
Part III:
Complete the "Definitions" and "Module 5 hand out problem(1) - Chapter 13".
Part IV:
Complete the
"Module 6 hand out problem(2) - Chapter 13".
College Accounting College Accounting Chapter 13 Name: ____________________________ Directions: List the definitions of each of the following words that deal with corporations Words Definitions Corporations Stockholders Public Corporations Private Corporations Limited Liability Board of Directors Article of Incorporation Contributed Capital Retained Earnings Common Stock Preferred Stock Par Value Farmingdale State College Handout Problem Chapter 13 Uzi Company received a charter granting the right to issue 200,000 shares of $1 par value common stock and 10,000 shares of 8% cumulative and nonparticipating, $50 par value preferred stock that is callable at $80 per share. Selected transactions are presented below. 2017 Feb. 19 Issued 45,000 shares of common stock at par for cash. 22 Gave the corporation’s promoters 30,000 shares of common stock for their services in getting the corporation organized. The directors valued the services at $50,000. Mar 30 Exchanged 100,000 shares of common stock for the following assets at fair market values: land, $25,000; building, $100,000; and machinery, $125,000. Dec. 31 Closed the Income Summary account. A $25,000 loss was incurred. 2018 Jan. 12 Issued 1,000 shares of preferred stock at $75 per share. Dec. 15 The board of directors declared an 8% dividend on preferred shares and $0.10 per share on outstanding common shares, payable on January 31 to the January 17 stockholders of record. 31 Closed the Income Summary account. A $69,000 net income was earned. 2019 Jan. 31 Paid the previously declared dividends. Required: 1.Prepare general journal entries to record the selected transactions. 2.Prepare a stockholders’ equity section as of the close of business on December 31, 2018. 3.Determine the book value per preferred share and per common stock as of December 31, 2018. Farmingdale State College Handout Problem Chapter 13 At the beginning of 2017, Austin Corporation’s stockholders’ equity consisted of the following: Common stock, $25 par value, 30,000 shares authorized, 24,000 shares issued $600,000 Paid-In capital in excess of par value common stock 90,000 Retained earnings 230,000 Total stockholders’ equity $920,000 During the year, the company completed these transactions: June 6 Purchased 1,000 shares of treasury stock at $40 per share. 23 The directors voted a $0.50 per share cash dividend payable on July 25 to the July 20 stockholders of record. July 25 Paid the dividend declared on June 23. Aug. 10 Sold 500 of the treasury shares at $45 per share. Oct. 20 Sold 500 of the treasury shares at $38 per share. Dec. 15 The directors voted a $0.50 per share cash dividend payable on January 20 to the January 15 stockholders of record, and they voted a 2% stock dividend distributable on January 30 to the January 20 stockholders of record. The market value of the stock was $40 per share. 31 Closed the Income Summary account and carried the company’s $60,000 net income to Retained Earnings. Required: 1. Prepare general journal entries to record the transactions. 2. Prepare a retained earnings statement for the year and the stockholders’ equity section of the company’s year-end balance sheet.