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LESSON 11-1 Starting a Corporation

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Presentation on theme: "LESSON 11-1 Starting a Corporation"— Presentation transcript:

1 LESSON 11-1 Starting a Corporation
7/4/2019 LESSON 11-1 Starting a Corporation Nature of a corporation. Rights of stockholders. Common stock Preferred stock Capital accounts of a corporation. Training for forming components RED

2 Competency: Accounting Adjustments and Valuation/Observation
Objectives 61 Identify the components of a corporate charter LESSON 10-1

3 ARTICLES OF INCORPORATION
page 315 1 1. Nature of business. 2 2. Types of stock authorized. 3. Initial directors. 3 LESSON 11-1

4 ARTICLES OF INCORPORATION
page 316 1 1. Names of incorporators. 2 2. Signatures of incorporators. LESSON 11-1

5 STOCK CERTIFICATES page 317 LESSON 11-1

6 TRANSACTIONS INCURRED WHEN STARTING A CORPORATION
page 319 1 2 3 4 5 1. Write the date. 2. Enter the account title. 3. Record the receipt numbers. 4. Write the credit amount. 5. Write the debit amount. LESSON 11-1

7 ORGANIZATION COSTS OF A CORPORATION
page 320 LESSON 11-1

8 TERMS REVIEW corporation board of directors articles of incorporation
LESSON 11-1 7/4/2019 TERMS REVIEW page 322 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 organization costs LESSON 11-1 RED

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