1. Prepared by Coby Harmon University of California, Santa Barbara Westmont College

2. Learning Objectives After studying this chapter, you should be able to: [1] Identify the major characteristics of a corporation. [2] Differentiate between paid-in capital and retained earnings. [3] Record the issuance of common stock. [4] Explain the accounting for treasury stock. [5] Differentiate preferred stock from common stock. [6] Prepare a stockholders’ equity section. 13 Corporations: Organization and Capital Stock Transactions

3. Preview of Chapter 13 Accounting Principles Eleventh Edition Weygandt Kimmel Kieso