LO 1 | Compute and record corporate income tax. |
LO 2 | Record transactions involving cash dividends. |
LO 3 | Account for stock dividends and stock splits. |
LO 4 | Distribute dividends between common stock and preferred stock. |
LO 5 | Record purchases and sales of treasury stock. |
LO 6 | Describe events that can affect retained earnings. |
LO 7 | Prepare a statement of retained earnings. |
LO 8 | Prepare a statement of stockholders' equity. |
LO 9 | Compute earnings per share and describe its use. |
LO 10 | Compute price-earnings ratio and describe its use. |
LO 11 | Compute dividend yield and explain its use. |