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PARTNERSHIP & CORPORATION ACCOUNTING
6 units
Pre-requisite: FA 111
This course covers transactions, problems and financial
statement preparation peculiar to partnership and corporation as
distinguished from single proprietorship. It includes partnership
and corporation formation, operations, treatment of accumulated
profit, division of profit in a partnership and dividend distribution
in corporation, dissolution and eventual liquidation. The course
will also discuss the different classes of stock, retained earnings
treatment, treasury stock distribution, classes of dividend
distribution and book value per share for a corporate structure.
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