U.S. GAAP Codification of Accounting Standards

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


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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 


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   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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