ACC 206 Week 2 Discussion 1 | Assignment Help | Ashford University
- ashford university / ACC 206
- 20 Jan 2020
- Price: $8
- Other / Other
ACC 206 Week 2 Discussion 1 | Assignment Help | Ashford University
Corporations
Prior to beginning work on this discussion,
read Chapter 13 in the textbook. In addition, the My Lab materials listed in
the Recommended Resources section this week may provide more in-depth
information for this discussion (optional).
Write: Make sure your response addressing the prompt
is more than 200 words and that you include an in-text citation or a brief
quote from the reading material where appropriate.
A corporation is a separate legal entity that
can have from one to many owners. It has many characteristics, including no
personal liability to the shareholders, and it can raise money by issuing
stock. Stockholders also have rights such as voting and the receipt of
dividends.
When issuing stock, the journal entries can be
different if the stock is issued at a premium, a discount, or at par. Common
stock generally has a par value or a stated value, but may not have either.
Common stock can also be traded for other assets, such as land. The company has
the right to purchase its own stock in the open market.
Discuss the following in your post:
·
What is treasury stock
and what is the journal when purchased?
·
What are the journal
entries when the treasury stock is sold?
·
What are the three
dates and the journal entries for recording cash dividends?
·
Explain the two
methods and journal entries for recording stock dividends and the journal
entries required for a stock split.
Guided Response: Respond to at least two of your classmates by
commenting on their posts. Though two replies are the basic expectation for
class discussions, for deeper engagement and learning you are encouraged to
provide responses to any comments or questions others have given to you.
Continuing to engage with peers and the instructor will further the
conversation and provide you with opportunities to demonstrate your content
expertise, critical thinking, and real-world experiences with the discussion
topics.
USA 
India