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Treasury Stock
JE-Issue
- Dr. Cash
- Cr. Common Stock
- Cr. PIC
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Treasury Stock
JE-BuyBack
- Dr. Treasury Stock (buy-back price)
- Cr. Cash
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Treasury Stock
JE-Re-Issuue
- Cash > Cost
- Dr. Cash
- Cr. Treasury Stock
- Cr. PIC (TS)
- Cash < Cost
- Dr. Cash
- Dr. PIC (TS) or RE (if PIC(TS) is $0)
- Cr. Treasury Stock
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Treasury Stock
JE-Retire
- If original issue price > buy back
- Dr. PIC (original)
- Dr. Commons Stock (par)
- Cr. Treasury Stock (cost)
- Cr. PIC (Retirements) plug
- If original issue price < buy back
- Dr. PIC Retirement or RE (if PIC (ret.)is $0
- Dr. PIC (original)
- Dr. Common stock (par)
- Cr. Treasury Stock (Cost)
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Cash Dividend
JE-Declare and Distribute
- Dr. RE or Div
- Cr. Div Payable
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Property Dividend
JE-Declare and Distribute
- Dr. Property
- Dr./Cr. Loss or Gain
- Dr. R/E
- Cr. Div Payable
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Stock Dividend
JE-Declare and Distribute
- Dr. RE or Div
- Cr. C/S ditributable @par
- Cr. APIC
- *small <25% use MV
- large > 25@ use par value
- Dr. C/S Distribuable
- Cr. Common Stock
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Stock Divident vs Stock Split
- Object- no cash vs affortable Market share
- J/E- Dr RE, Cr C/S, APIC vs no entry footnote
- Total Stockholders equity- no change
- Contributed Capital- increase vs no change
- Par Value Per Share- no change vs reduce
- Shares O/S- increases
- Total Assets- no changes
- EPS decreases
- APIC increase vs no change
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Dividend Preferences
- Non-Cummulative- current year only
- Non- Participationg- ceiling on amounts paid
- Cumulative- money from arrears
- Participation= extra amounts during good times
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Convertible Debt
BP -> CS
- Eliminate B/P and related accounts; Credit C/S for par and APIC
- no gain o Loses plug APIC as necessary
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Convertible Debt
Pref Stock -> Com Stock
- Dr. Pref Stock
- Dr. APIC-Pref Stock
- Cr Com Stock
- Cr APIC-Com Stock
- no gain or losses plug APIC
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Detachable Stock Warrants issued with Bonds
Allocate cash received to Bonds and Stock Warrants using Wtd Ave of their FMV
- Issueance:
- Dr. Cash
- Dr/Cr Dis/Pre on B/P
- Cr. PIC-SW
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