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Accounting Standards, ASC

U.S. GAAP Codification of Accounting Standards
Codification Topic 505-20: Stock Dividends, Stock Splits

U.S. GAAP Codification, Accounting Standards ASC,

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Codification Topic 505-20
Stock Dividends, Stock Splits

Stock Dividends, Stock Splits
1. Issuance of new common shares
--> to the existing shareholders

2. Without consideration
--> Recipients do not pay for new shares

Stock Dividends
1. Fair value of new shares issued is transferred
--> from retained earnings to capital stock and additional paid-in capital
2. The number of shares outstanding is adjusted.

Stock Splits
1. No transfer from retained earnings to capital stock
2. Only the number of shares outstanding is adjusted.

Issuance of additional shares of
--> less than 20% or 25% of existing outstanding shares
--> is generally treated as a "stock dividend"

Accounting for Recipients
1. "Total amount" of cost of shares does not change.
2. "Cost per share" is adjusted.

International Financial Reporting Standards (IFRS)

IAS 1: Presentation of financial statements

Codification Topic 505
Equity

Subtopics of Codification Topic 505

   505-10 Overall
   505-20 Stock dividends and stock splits
   505-30 Treasury stock
   505-50 Equity-based payments to non-employees
   505-60 Spinoffs and reverse spinoffs

Accounting Terms of Codification Topic 505-10

   Participation rights
   Preferred stock
   Security

Accounting Terms of Codification Topic 505-20

Stock dividend
Stock split

Accounting Terms of Codification Topic 505-30

Accounting Terms of Codification Topic 505-50

   Counterparty performance conditions
   Employee
   Fair value
   Market conditions
   Reload feature and reload option
   Share-based payment transactions
   Terms of a share-based payment award

Accounting Terms of Codification Topic 505-60

   Asset group
   Business
   Claim
   Component of an entity
   Operating segment
   Reporting unit
   Reverse spinoff
   Spinoff

Other Topics at the Codification 500

Accounting Standards Codification, ASC, Overview

ASC Codification Topic 505: Equity

Topic 505 is the only topic at the 500 level.

U.S. GAAP Codification of Accounting Standards

Accounting Standards Codification, ASC, Overview

ASC Codification 200: Presentation

ASC Codification 300: Assets

ASC Codification 400: Liabilities

ASC Codification 500: Equity

ASC Codification 600: Revenue

ASC Codification 700: Expenses

ASC Codification 800: Broad Transactions

ASC Codification 900: Industry

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