MGAB01H3 Chapter Notes - Chapter 12: Stock Split, Financial Statement
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MGAB01H3 Full Course Notes
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Summary for chapter12: accounting for issuance of shares preferred shares or common shares (record and measure the transactions, for cash, for services rendered, for goods and services. For non monetary transactions (item b and c,) we always use the fair value of. Shares as the value of the goods and/or services; otherwise we use the fair value of assets received or services being rendered: accounting for dividends cash, there are 3 dates: Memo on the books and records of the company. Cr cash: remember to use 4 column chart help us determine the number of shares outstanding at any given point in time, accounting for stock dividends, there are also 3 dates: Cr stock dividends distribute (not a liability, part of se"s section) Just a memo on the books and records of the company. Cr common stock: measurement of stock dividends depends on whether the % is small (<20-