Chapter 11

Organizing a Corporation and Paying Dividends

ESSENTIAL QUESTIONS

How are journal entries recorded for transactions related to starting a corporation? How are journal entries recorded for transactions related to stock subscriptions? How is a balance sheet prepared for a newly formed corporation? How are dividends calculated for a corporation? How are journal entries recorded for transactions related to declaring and paying dividends?

TERMS FOR CHAPTER 11

-corporation -board of directors -articles of incorporation -charter -common stock -preferred stock -stock certificate -par value -par-value stock

-no-par-value stock -stated-value stock -subscribing for capital stock -organization cost -intangible assets -declaring a dividend -date of declaration -date of record -date of payment

ASSIGNMENTS

Define Terms for the Chapter Starting a Corporation Read pp. 298-305 1) View PowerPoint presentation intro and 11-1 2) Complete Application Problem 11-1 p. 315 3) Work on Study Guide 11 August 25-28 Stock Subscriptions and the Balance Sheet Read pp. 306-309 1) View PowerPoint presentation 11-2 2) Complete Application Problem 11-2 p. 315 3) Continue to Work on Study Guide 11 September 2-5 Calculating and Journalizing Dividends for a Corporation Read pp. 310-314 1) View PowerPoint presentation 11-3 2) Complete Application Problem 11-3 & 11-4 pp. 315-316 3) Complete Study Guide 11 September 8-10

Complete Mastery Problem 11-5 pp. 316-317 September 11-15 Additional Chapter exercises Chapter Eleven Internet Activity Accounting in Your Career p. 297 Applied Communication p. 318 Prepare your introduction for a parent or guardian and identify the event for which they are to be the quest speaker. September 16-18 Tentative Test Date for Chapter 2 is Tuesday, September 19 Challenge Problem 11-6 p. 317 may be completed for extra credit