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Shareholders’ Equity Chapter 18 PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. 18-2 The Nature of Shareholders’ Equity Assets – Liabilities = Shareholders’ Equity Net Assets Sources of Shareholders’ Amounts invested by shareholders Equity Amounts earned by corporation Shareholders’ Equity Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income Other gains and losses not included in net income Accumulated Other 18-3 Comprehensive Income Accumulated other comprehensive income includes four types of gains and losses not included in net income. Net holding gains (losses) on investments. Gains (losses) from and amendments to postretirement benefit plans. Deferred gains (losses) from derivatives. Gains (losses) from foreign currency translations. Accumulated Other 18-4 Comprehensive Income Comprehensive income is reported periodically as it is created and also is reported as a cumulative amount. There are 2 options for reporting comprehensive income created during the reporting period. The accumulated amount of comprehensive income is reported as a separate item of shareholders’ equity in the balance sheet. As an additional section of the income statement. As a separate statement immediately following the income statement 18-5 The Model Business Corporation Act Nature and location of business activities. Number and classes of shares authorized. Articles of incorporation are filed with the state. State issues a corporate charter. Shares of stock issued. Board of directors appoint officers. Board of directors elected by shareholders. ... - tailieumienphi.vn