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Chapter 16
Income Statement Sections ,[object Object],[object Object],[object Object]
Stock Dividends ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example ,[object Object],Retained Earnings 15,000   Common Shares Dividend Distributable 15,000 To record declaration of stock dividend of 1,000 common shares  10,000 shares * 10% =  1,000 shares 1,000 shares x $15 per share =  $15,000
Example Continued ,[object Object],  Common Shares Dividend Distributable  15,000   Common Shares  15,000 To record distribution of stock dividend of 1,000 common shares
Stock Splits ,[object Object],[object Object],[object Object],[object Object],[object Object]
Repurchase of Shares ,[object Object],[object Object],[object Object],[object Object]
Earnings Per Share ,[object Object],[object Object],[object Object],[object Object],[object Object],Basic earnings per share = (Net income  -  Preferred dividends)   Weighted-average common shares outstanding

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Accounting for Stock Activities