ACCT 551 Week 4 (Homework, Discussions & Midterm)
ACCT 551 Week 4 Homework Assignment: E15-2(LO1), E15-5(LO1), E15-6(LO1,2)
ACCT-551 Week 4 Midterm Exam (View Questions)
ACCT-551 Week 4 Discussion 1: Conceptual Issues: Equity
Answer one of the questions on CA15-3 on page 823 about Concepts Statement No. 6. Discuss the other concepts with your classmates.
CA15-3 WRITING (Conceptual Issues—Equity) Statements of Financial Accounting Concepts set forth financial accounting and reporting objectives and fundamentals that will be used by the Financial Accounting Standards Board in developing standards. Concepts Statement No. 6 defines various elements of financial statements……….
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ACCT 551 Week 4 Discussion 2: Stockholders’ Equity
When a company lists its common stock as having a stated par value, then any amount that the stock sells for above the par value is “additional paid-in capital in excess of par.” However, if there is no stated par value, such as “no par” or “stated value of zero par,” then do you still need to have the account of “additional paid-in capital in excess of par”? If not, then how do you account for this item, or do you?………..
