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Chapter Chapter 1212Modal Modal SahamSaham

Accounting, 21st Edition

Warren Reeve Fess

Disadur oleh Irsan Lubis, SE,Ak

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Karyawan

Manager(dipilih oleh Dewan Direksi)

Dewan Direksi(dipilih oleh stockholders)

Struktur Organisasi PerusahaanStrukturStruktur OrganisasiOrganisasi PerusahaanPerusahaan

Pemegang Saham (Stockholders)

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Modal SahamModal Modal SahamSaham

AKTIVAKewajiban

Stockholders’Equity

Modal = Aktiva – KewajibanMenunjukkan bagian pemilikan stockholder

atas aktiva perusahaan

Modal

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Assets

Stockholders’ EquityStockholders’ EquityStockholders’ Equity

Liabilities

Stockholders’Equity

Stockholders’ Equity

Ada 2 sumberperolehan Modal pemegang saham.

Ada 2 sumberperolehan Modal pemegang saham.

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Stockholders’ Equity:Modal Modal DisetorDisetor::

Modal Modal sahamsaham xxxxTotal $xxxxx

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InvestasiInvestasiPemegangPemegang

SahamSaham

Stockholders’ EquityStockholders’ EquityStockholders’ Equity

AssetsLiabilities

Stockholders’Equity

Stockholders’ Equity

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Stockholders’ Equity:Paid-in capital:

Common stock $xxxxxLabaLaba yang yang ditahanditahan xxxxxxxx

Total $xxxxxPerolehanPerolehan LabaLaba

yang yang diinvestasikandiinvestasikan

kembalikembali

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Stockholders’ EquityStockholders’ EquityStockholders’ Equity

AssetsLiabilities

Stockholders’Equity

Stockholders’ Equity

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Disetujui

DiterbitkanDiterbitkan

Beredar

Jumlah lembar saham

Modal Saham yg disetorModal Modal SahamSaham ygyg disetordisetor

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Ada 2 jenis saham yaitu Saham Biasa (common stock) dan Saham Prioritas (preferred stock).

Kelebihan preferred stocks dibandingkancommon stocks adalah dalam pembagian

dividen

PembagianDIVIDEN

SahamSaham BiasaBiasaSahamSahamPrioritasPrioritas

Jenis-Jenis SahamJenisJenis--JenisJenis SahamSaham

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Saham Biasa — pemilik saham memiliki hakuntuk dipilih menjadi Direksi, mendapatpembagian laba, dan hak untuk mendapatkantambahan pembelian saham

Saham Prioritas— pemilik saham memiliki hakistimewa dalam hal pembagian dividen danketika terjadi likuidasi

Perbedaan Saham Biasa & PrioritasPerbedaanPerbedaan SahamSaham BiasaBiasa & & PrioritasPrioritas

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Nonparticipating Preferred StockNonparticipating Preferred StockNonparticipating Preferred Stock

A nonparticipating preferred stock is limited to a certain amount. Assume 1,000 shares of $4 nonparticipating preferred stock and 4,000 shares of common stock and the following:

Net income $20,000 $55,000$62,000

Amount retained 10,000 20,00040,000Amount distributed $10,000 $35,000

$22,000

2005 2006 2007

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Nonparticipating Preferred StockNonparticipating Preferred StockNonparticipating Preferred Stock

Dividends per share:Preferred $ 4.00 $ 4.00 $ 4.00Common $ 1.50 $ 7.75 $ 4.50

Amount distributed $10,000 $35,000$22,000

Preferred dividend (1,000 shares) 4,000 4,000 4,000

Common dividend(4,000 shares) $6,000 $31,000

$18,000

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Assume 1,000 shares of $4 cumulative preferred stock

and 4,000 shares of common stock. No dividends were

paid in 2005 and 2006.

Cumulative Preferred StockCumulative Preferred StockCumulative Preferred Stock

So, preferred dividends are two years in arrears.

So, preferred dividends are two years in arrears.

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On March 7, 2007, the board of directors declares dividends of $22,000.

Cumulative Preferred StockCumulative Preferred StockCumulative Preferred Stock

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$4.000

$4,000

$4,000

Cumulative Preferred StockCumulative Preferred StockCumulative Preferred Stock

Preferred Stock DividendsPreferred Stock Dividends Dividends Paid in 2007Dividends Paid in 2007

Total dividends paid, $22,000

$4,000

2005(In arrears) $4,000

2006(In arrears) $4,000

2007(Current dividend)

Preferred Stock

Common Stock

$10,000$10,000

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Other Sources of Paid-in CapitalOther Sources of PaidOther Sources of Paid--in Capitalin Capital

On April 20 the city of Moraine donated land to Merrick Corporation as an incentive

to relocate its headquarters to Moraine. The land was valued at $500,000.

Apr. 20 Land 500 000 00

Recorded land donated by the city of Moraine.

Donated Capital 500 000 00

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A corporation is authorized to issue 10,000 shares of preferred stock, $100 par, and

100,000 shares of common stock, $20 par.

Issuing StockIssuing StockIssuing Stock

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Issuing StockIssuing StockIssuing Stock

On April 1, one-half of each class of authorized stock is issued at par for cash.

On April 1, one-half of each class of authorized stock is issued at par for cash.

Apr. 1 Cash 1,500000 00

Issued preferred stock and common stock at par.

Preferred Stock 500 000 00Common Stock 1,000000 00

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Issuing StockIssuing StockIssuing Stock

Common Stock and Preferred Stock accounts are controlling accounts. A record of each

stockholders’ name, address, and number of shares is kept in a stockholders’ subsidiary ledger.

Common Stock and Preferred Stock accounts are controlling accounts. A record of each

stockholders’ name, address, and number of shares is kept in a stockholders’ subsidiary ledger.

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Issuing Stock at a PremiumIssuing Stock at a PremiumIssuing Stock at a Premium

On March 15, Caldwell Company issues 2,000 shares of $50 par preferred stock for cash at $55.On March 15, Caldwell Company issues 2,000

shares of $50 par preferred stock for cash at $55.

Mar. 15 Cash 110 000 00

Issued 2,000 shares of $50 par preferred stock at $55.

Preferred Stock 100 000 00Paid-in Capital in Excess of Par--

Preferred Stock 10 000 00

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When stock is issued for more than its par, the stock has sold at a

premium. It has sold at a discount if issued for less than its par.

When stock is issued for more than its par, the stock has sold at a

premium. It has sold at a discount if issued for less than its par.

The $10,000 excess is recorded in a separate account because some states do

not consider this to be part of legal capital and may be used for dividends.

The $10,000 excess is recorded in a separate account because some states do

not consider this to be part of legal capital and may be used for dividends.

Issuing Stock at a PremiumIssuing Stock at a PremiumIssuing Stock at a Premium

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On Nov. 12, a corporation acquired land for which the fair market value cannot be determined. The corporation

issued 10,000 shares of $10 par common that has a current market value of $12 in exchange for the land.

On Nov. 12, a corporation acquired land for which the fair market value cannot be determined. The corporation

issued 10,000 shares of $10 par common that has a current market value of $12 in exchange for the land.

Nov.12 Land 120 000 00

Issued $10 par common stock valued at $12 per share, for land.

Common Stock 100 000 00Paid-in Capital in Excess of Par 20 000 00

Issuing Stock at a PremiumIssuing Stock at a PremiumIssuing Stock at a Premium

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Stock issued for assets other than cash should be recorded at the fair market value of the asset or fair market value of the stock, whichever can be

more clearly determined.

Issuing Stock at a PremiumIssuing Stock at a PremiumIssuing Stock at a Premium

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Issuing Stock at No-ParIssuing Stock at NoIssuing Stock at No--ParPar

On February 23, a corporation issues 10,000 shares of no-par common stock at $40 a share. On February 23, a corporation issues 10,000

shares of no-par common stock at $40 a share.

Feb. 23 Cash 400 000 00

Issued 10,000 shares of no-par common stock at $40.

Common Stock 400 000 00

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Issuing Stock at No-ParIssuing Stock at NoIssuing Stock at No--ParPar

Later, on March 9, the corporation issues 1,000 additional shares at $36.Later, on March 9, the corporation

issues 1,000 additional shares at $36.

Mar. 9 Cash 36 000 00

Issued 1,000 shares of no-par

common stock at $36.

Common Stock 36 000 00

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Issuing Stock at No-ParIssuing Stock at NoIssuing Stock at No--ParPar

Some states require that the entire proceeds from the sale of no-par stock be treated as legal capital.

Some states require that the entire proceeds from the sale of no-par stock be treated as legal capital.

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Issuing Stock at No-ParIssuing Stock at NoIssuing Stock at No--ParPar

Also, no-par stock may be assigned a stated value per share. The stated value is

recorded similar to a par value.

Also, no-par stock may be assigned a stated value per share. The stated value is

recorded similar to a par value.

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Issuing Stock with a Stated ValueIssuing Stock with a Stated ValueIssuing Stock with a Stated Value

On March 30, issued 1,000 shares of no-par common stock at $40; stated value, $25.

On March 30, issued 1,000 shares of no-par common stock at $40; stated value, $25.

Mar. 30 Cash 40 000 00

Issued 1,000 shares of no-par common stock at $36; stated value, $25.

Common Stock 25 000 00Paid-in Capital in Excess of

Stated Value 15 000 00

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Treasury Stock TransactionsTreasury Stock TransactionsTreasury Stock Transactions

Occasionally, a corporation buys back its own stock for the purpose of later reissuing it. This stock is

referred to as treasury stock.

Occasionally, a corporation buys back its own stock for the purpose of later reissuing it. This stock is

referred to as treasury stock.

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Treasury stock is stock that:1. has been issued as fully paid.2. has been reacquired by the

corporation.3. has not been canceled or reissued.

Treasury Stock TransactionsTreasury Stock TransactionsTreasury Stock Transactions

A commonly used method of accounting for treasury stock is the cost method.

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Treasury Stock TransactionsTreasury Stock TransactionsTreasury Stock TransactionsCost Method

On January 5, a firm purchased 1,000 shares of treasury stock (common stock,

$25 par) at $45 per share.

On January 5, a firm purchased 1,000 shares of treasury stock (common stock,

$25 par) at $45 per share.

Jan. 5 Treasury Stock 45 000 00

Purchased 1,000 shares of treasury stock at $45.

Cash 45 000 00

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On June 2, sold 200 shares of treasury stock at $60 per share.On June 2, sold 200 shares of

treasury stock at $60 per share.

June 2 Cash 12 000 00

Sold 200 shares of treasury stock at $60.

Treasury Stock 9 000 00Paid-in Capital from sale of

Treasury Stock 3 000 00

Treasury Stock TransactionsTreasury Stock TransactionsTreasury Stock TransactionsCost Method

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On September 3, sold 200 shares of treasury stock at $40 per share.On September 3, sold 200 shares of treasury stock at $40 per share.

Sep. 3 Cash 8 000 00

Paid-in Capital from Sale of

Treasury Stock 1 000 00

Sold 200 shares of treasury stock at $60.

Treasury Stock 9 000 00

Treasury Stock TransactionsTreasury Stock TransactionsTreasury Stock TransactionsCost Method

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The EndThe End

Chapter 12Chapter 12

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