1. Warrren / Irsan Lubis Chapter 12Modal Saham Accounting, 21st Edition Warren Reeve Fess Disadur oleh Irsan Lubis, SE,Ak 1Struktur Organisasi PerusahaanStruktur Organisasi Perusahaan Pemegang Saham (Stockholders) Dewan Direksi (dipilih oleh stockholders)Manager (dipilih oleh Dewan Direksi) Karyawan 2 1PDF created with pdfFactory Pro trial version www.pdffactory.com

2. Warrren / Irsan Lubis Modal Saham Modal Saham KewajibanAKTIVA Stockholders ModalEquity Modal = Aktiva KewajibanMenunjukkan bagian pemilikan stockholder atas aktiva perusahaan 3 Stockholders Equity Stockholders EquityLiabilities Ada 2 sumber Ada 2 sumber AssetsStockholders perolehan Modal Stockholdersperolehan Modal Equity pemegang saham. Equity pemegang saham. 4 2PDF created with pdfFactory Pro trial version www.pdffactory.com 3. Warrren / Irsan Lubis Stockholders Equity Stockholders Equity Liabilities Assets StockholdersStockholders EquityEquity Stockholders Equity:1 Modal Disetor: Disetor:Investasi Modal saham xxxx PemegangSaham Total $xxxxx 5 Stockholders Equity Stockholders Equity Liabilities Assets StockholdersStockholders EquityEquity Stockholders Equity:Paid-in capital: Common stock$xxxxx 2Laba yang ditahanxxxx Perolehan Laba Total $xxxxx yang diinvestasikankembali 6 3PDF created with pdfFactory Pro trial version www.pdffactory.com 4. Warrren / Irsan LubisModal Saham yg disetorModal Saham yg disetorDisetujuiDiterbitkan Beredar Jumlah lembar saham7 Jenis-Jenis Saham Jenis-Jenis Saham Ada 2 jenis saham yaitu Saham Biasa (commonstock) dan Saham Prioritas (preferred stock).Kelebihan preferred stocks dibandingkancommon stocks adalah dalam pembagiandividenSaham Saham Biasa Prioritas Pembagian DIVIDEN84PDF created with pdfFactory Pro trial version www.pdffactory.com 5. Warrren / Irsan Lubis Perbedaan Saham Biasa & Prioritas Perbedaan Saham Biasa & PrioritasSaham Biasa pemilik saham memiliki hakuntuk dipilih menjadi Direksi, mendapatpembagian laba, dan hak untuk mendapatkantambahan pembelian sahamSaham Prioritas pemilik saham memiliki hakistimewa dalam hal pembagian dividen danketika terjadi likuidasi9 Nonparticipating Preferred Stock Nonparticipating 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:2005 20062007 Net income$20,000 $55,000 $62,000 Amount retained10,000 20,000 40,000 Amount distributed$10,000 $35,00010 $22,000 5PDF created with pdfFactory Pro trial version www.pdffactory.com 6. Warrren / Irsan Lubis Nonparticipating Preferred Stock Nonparticipating Preferred StockAmount distributed$10,000 $35,000$22,000Preferred dividend (1,000 shares) 4,0004,000 4,000Common dividend (4,000 shares)Dividends per share: $6,000 $31,000Preferred $18,000 4.00 $ 4.00 $ 4.00 $Common $ 1.50 $ 7.75 $ 4.50 11Cumulative Preferred StockCumulative Preferred StockSo, preferred So, preferreddividends are twodividends are twoyears in arrears. years in arrears.Assume 1,000 shares of $4cumulative preferred stock and 4,000 shares of commonstock. No dividends werepaid in 2005 and 2006. 126PDF created with pdfFactory Pro trial version www.pdffactory.com 7. Warrren / Irsan Lubis Cumulative Preferred Stock Cumulative Preferred Stock On March 7, 2007, the board of directors declares dividends of $22,000. 13 Cumulative Preferred Stock Cumulative Preferred Stock Preferred Stock Dividends Preferred Stock Dividends Dividends Paid in 2007 Dividends Paid in 2007 Total dividends paid,$22,000 $4,000$4.0002005(In arrears)$4,000 $4,000$10,000 2006 (In arrears)$4,000$4,000 2007 Preferred Common(Current dividend)StockStock 147PDF created with pdfFactory Pro trial version www.pdffactory.com 8. Warrren / Irsan Lubis Other Sources of Paid-in Capital Other Sources of Paid-in 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 Land500 000 00 Donated Capital500 000 00Recorded land donated by thecity of Moraine. 15Issuing StockIssuing StockA corporation is authorized to issue 10,000 shares of preferred stock, $100 par, and100,000 shares of common stock, $20 par. 16 8PDF created with pdfFactory Pro trial version www.pdffactory.com 9. Warrren / Irsan Lubis Issuing Stock Issuing Stock On April 1, one-half of each class ofOn April 1, one-half of each class of authorized stock is issued at par for cash. authorized stock is issued at par for cash. Apr. 1 Cash1,500000 00 Preferred Stock 500 000 00 Common Stock 1,000000 00 Issued preferred stock and common stock at par.17Issuing StockIssuing StockCommon Stock and Preferred Stock accounts areCommon Stock and Preferred Stock accounts arecontrolling accounts. A record of each controlling accounts. A record of each stockholders name, address, and number of shares stockholders name, address, and number of shares is kept in a stockholders subsidiary ledger.is kept in a stockholders subsidiary ledger.189PDF created with pdfFactory Pro trial version www.pdffactory.com 10. Warrren / Irsan LubisIssuing Stock at a PremiumIssuing Stock at a Premium On March 15, Caldwell Company issues 2,000 On March 15, Caldwell Company issues 2,000shares of $50 par preferred stock for cash at $55.shares of $50 par preferred stock for cash at $55. Mar. 15 Cash110 000 00 Preferred Stock100 000 00 Paid-in Capital in Excess of Par--Preferred Stock10 000 00Issued 2,000 shares of $50 parpreferred stock at $55. 19Issuing Stock at a PremiumIssuing Stock at a Premium When stock is issued for more than When stock is issued for more than its par, the stock has sold at aits par, the stock has sold at apremium. It has sold at a discount ifpremium. It has sold at a discount if issued for less than its par.issued for less than its par.The $10,000 excess is recorded in a The $10,000 excess is recorded in aseparate account because some states doseparate account because some states do not consider this to be part of legal not consider this to be part of legal capital and may be used for dividends. capital and may be used for dividends. 20 10PDF created with pdfFactory Pro trial version www.pdffactory.com 11. Warrren / Irsan LubisIssuing Stock at a PremiumIssuing Stock at a PremiumOn Nov. 12, a corporation acquired land for which the fair On Nov. 12, a corporation acquired land for which the fairmarket value cannot be determined. The corporationmarket value cannot be determined. The corporationissued 10,000 shares of $10 par common that has a current issued 10,000 shares of $10 par common that has a current market value of $12 in exchange for the land. market value of $12 in exchange for the land. Nov. 12 Land120 000 00 Common Stock 100 000 00 Paid-in Capital in Excess of Par20 000 00Issued $10 par common stockvalued at $12 per share, forland. 21Issuing Stock at a PremiumIssuing Stock at a Premium 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. 22 11PDF created with pdfFactory Pro trial version www.pdffactory.com 12. Warrren / Irsan LubisIssuing Stock at No-ParIssuing Stock at No-ParOn February 23, a corporation issues 10,000On February 23, a corporation issues 10,000 shares of no-par common stock at $40 a share. shares of no-par common stock at $40 a share. Feb. 23 Cash400 000 00 Common Stock 400 000 00Issued 10,000 shares of no-parcommon stock at $40. 23Issuing Stock at No-ParIssuing Stock at No-Par Later, on March 9, the corporationLater, on March 9, the corporation issues 1,000 additional shares at $36.issues 1,000 additional shares at $36. Mar. 9 Cash36 000 00 Common Stock36 000 00 Issued 1,000 shares of no-par common stock at $36. 24 12PDF created with pdfFactory Pro trial version www.pdffactory.com 13. Warrren / Irsan Lubis Issuing Stock at No-Par Issuing Stock at No-Par Some states require that the entire Some states require that the entireproceeds from the sale of no-parproceeds from the sale of no-parstock be treated as legal capital. stock be treated as legal capital.25 Issuing Stock at No-Par Issuing Stock at No-Par Also, no-par stock may beAlso, no-par stock may be assigned a stated value per assigned a stated value per share. The stated value isshare. The stated value isrecorded similar to a par value. recorded similar to a par value.26 13PDF created with pdfFactory Pro trial version www.pdffactory.com 14. Warrren / Irsan Lubis Issuing Stock with a Stated Value Issuing Stock with a Stated Value On March 30, issued 1,000 shares of no-par On March 30, issued 1,000 shares of no-parcommon stock at $40; stated value, $25.common stock at $40; stated value, $25. Mar. 30 Cash 40 000 00 Common Stock 25 000 00 Paid-in Capital in Excess ofStated Value15 000 00Issued 1,000 shares of no-parcommon stock at $36; statedvalue, $25.27 Treasury Stock Transactions Treasury Stock Transactions Occasionally, a corporation buys Occasionally, a corporation buysback its own stock for the purposeback its own stock for the purposeof later reissuing it. This stock is of later reissuing it. This stock is referred to as treasury stock.referred to as treasury stock.2814PDF created with pdfFactory Pro trial version www.pdffactory.com 15. Warrren / Irsan Lubis Treasury Stock Transactions Treasury Stock TransactionsTreasury 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. A commonly used method of accounting for treasury stock is the cost method. 29 Treasury Stock Transactions Treasury Stock Transactions Cost MethodOn January 5, a firm purchased 1,000 On January 5, a firm purchased 1,000 shares of treasury stock (common stock, shares of treasury stock (common stock,$25 par) at $45 per share. $25 par) at $45 per share. Jan. 5 Treasury Stock 45 000 00 Cash45 000 00 Purchased 1,000 shares of treasury stock at $45. 30 15PDF created with pdfFactory Pro trial version www.pdffactory.com 16. Warrren / Irsan Lubis Treasury Stock Transactions Treasury Stock Transactions Cost MethodOn June 2, sold 200 shares of On June 2, sold 200 shares of treasury stock at $60 per share.treasury stock at $60 per share. June 2 Cash 12 000 00 Treasury Stock9 000 00 Paid-in Capital from sale of Treasury Stock3 000 00 Sold 200 shares of treasury stock at $60.31 Treasury Stock Transactions Treasury Stock Transactions Cost Method On September 3, sold 200 sharesOn September 3, sold 200 shares of treasury stock at $40 per share. of treasury stock at $40 per share. Sep. 3 Cash8 000 00Paid-in Capital from Sale of Treasury Stock 1 000 00Treasury Stock 9 000 00Sold 200 shares of treasurystock at $60.3216PDF created with pdfFactory Pro trial version www.pdffactory.com 17. Warrren / Irsan Lubis Chapter 12The EndThe End 3317PDF created with pdfFactory Pro trial version www.pdffactory.com