Violence In Sports :: essays research papers

Violence in Sports To: Mrs. Woods From: Jean-Philippe Do you think there's a connection between sports and violence? If you do, do you think it should be banned? I too think that it's connected but, unlike most people, don't think it should be banned. I have many reasons to believe so and I will state them in my essay. First I will point out that not all sports include violence. Not many actually express violence, the only ones that do contain violence are team sports. I'm not saying that I dislike team sports, au contraire I love team sports, they help build team spirits. All I'm saying is that sports like football contain lots of violence, unlike individual sports like ping pong or kayaking. Some sports are now becoming so violent that it's almost impossible to remove the violence without removing the sport itself. Lots of people protest because some sports are too violent and they're trying to take the violence away by banning them. What they don't realize is that there are billions of fans that are obsessed by those sports and by taking a sport away from them, could ruin their lives. Trying to stop the violence is almost like trying to declare world peace. There will always be someone who either picks a fight or builds an underground organization. Football, hockey, soccer, and all those other violent sports will be practiced until the end of the world. Another reason why I don't want these sports to be cut is because when you practice a sport like football it helps you release all that frustration and energy you have inside. By releasing all that pressure it helps you relax for a period of time. Getting rid of popular sports like hockey or football could put a lot more kids on the streets because they would have nowhere else to go or nothing else to do. Some people tell others to keep their kids out of team sports to avoid getting involved in a gang. What those people don't realize is that those kids that never played a team sport

Reporting Stockholders Equity

ckChapter 11 – Reporting and Analyzing Stockholders’ Equity I. Characteristics of a Corporation (Publicly held (closely held)) * Separate legal existence; * Limited liability of stockholders; limited to investment * Transferable ownership rights; * Ability to acquire capital; * Continuous life; * Corporation management: Shareholders Shareholders * Voting rights * Profit sharing * Preemptive right * Residual claim Board of Directors Board of Directors CEO(PRESIDENT) CEO(PRESIDENT) . other vps . other vps CIO CIO CFO CFO COO COO Treasurer Treasurer ControllerController * Government regulations; file application with state government-> corportate charter by-law * Additional taxes. Double taxation II. Stock Issue 1. Basics of Stock Issue: (1) Authorized Stock: The maximum amount of stock that a corporation is authorized to sell by corporate charter. (2) Outstanding Stock: Capital stock that has been issued and is being held by stockholders. Legal capital= # of issued shares x par value per share (3) Par Value Stock: Capital stock that has been assigned an arbitrary value per share in the corporate charter. 4) No-par value Stock: Capital stock that has not been assigned a value in the corporate charter. (5) Stated Value of No-par value Stock: Value per share assigned by the board of directors to no-par value stock. Authorized Issued Outstanding (6) Paid-in Capital: Amount paid to corporation by stockholders for shares of ownership. (7) Retained Earnings: Earned capital held for future use in the business. 2. Accounting for Common Stock Issues: (1) Issuing Stock at Par Example 1: On March 1, 2002, XYZ Company issued 10,000 shares of $10 par value common stock at par. (2) Issuing Stock above ParExample 2: On June 10, XYZ Company issued 5,000 shares of $10 par value common stock at $12 per share. Cash 60,000(=5,000Ãâ€"12) Common Stock50,000 Additional paid in capital14,000 (Paid in capital in excess of par) What if the common stock issued on June 10 is n o par stock with a stated value of $10? Cash60,000 Common Stock50,000 Additional Paid in capital10,000 3. Treasury Stock: * A corporation’s own stock that has been issued, fully paid for, and reacquired by the corporation but not retired. * Issued but not outstanding (1) Corporations acquire treasury stock to †¦ reissue shares to employees under bonus and stock compensation plans; * increase trading of company’s stock in securities market to enhance market value; * reduce number of shares outstanding , and therefore increase earnings per share (EPS); * prevent a hostile takeover. (2) Purchasing Treasury Stock: * Cost method: Treasury stock is increased by the amount paid to reacquire the shares, and is decreased by the same amount when the shares are later sold. Example 3: On October 15, 2002, XYZ Company acquired 2,000 shares of the stock issued on June 10 in Example 2 at $9 per share.On the balance sheet: Stockholders equity Paid in capital Common stock (par) Ad ditional paid in capital Retained earnings Less: Treasury stock (a contra equity account) * Effect of purchasing treasury stock on common stock: * Effect of purchasing treasury stock on stockholders’ equity: III. Preferred Stock * Preferred stock has contractual provisions that give it preferences over common stock in dividends and assets in the event of liquidation. * Preferred stockholders do not have voting rights. Example 4: On November 5, 2002, XYZ Company issued 5,000 shares of $10 par value preferred stock for $13 per share.Cash65,000 Preferred Stock50,000 Additional Paid in capital15,000 1. Dividend Preference * Preferred stockholders have the right to share in the distribution of corporate income before common stockholders; * The first claim to dividends does not guarantee dividends; * Cumulative Dividends: Preferred stockholders receive current and unpaid prior-year dividends before common stockholders receive any dividends. When dividends are cumulative, preferred dividends that were not declared in a given period are called dividends in arrears. Example 5:XYZ Company issued 10,000 shares of 10%, $5 par value cumulative preferred stock On January 1, 1999. XYZ had not declared any dividends until December 31, 2002. 1999: 10,000x 5 x 10% = 5,000 2000: 5,000 2001: 5,000 2002:5,000 Dec 31, 02: $20,000 in cash * Dividends in arrears are not liability. They should be disclosed in the notes to financial statements. 2. Liquidation Preference- Creditors Prefered stock holders common stock holders IV. Dividends * A distribution by the corporation to the stockholders on a pro rata basis. 1.Cash Dividends: (1) To pay a cash dividend, a company must have: * retained earnings * adequate cash * declared dividends (2) Some Important Dates: * Declaration date: the date the board of directors formally authorizes the cash dividends and announces it to stockholders. Retained earnings Dividends payable * Record date: The date ownership of outstanding shares is de termined for dividend purposes. * Payment date: The date dividends are paid. Dividends payable Cash * Cumulative effect of declaration and payment of cash dividends on accounting equation: 2. Stock Dividends: Companies pay stock dividends to †¦ * Satisfy stockholders’ dividend expectations without paying cash; * Increase the marketability of its stock; * Emphasize that a portion of stockholders’ equity has been permanently reinvested in the business. * Small Stock Dividend: If the stock dividend is less than 20%-25% of the corporation’s issued stock, it is recorded at the fair market value per share. * Large Stock Dividend: If the stock dividend is greater than 20%-25% of the corporation’s issued stock, it is recorded at par or stated value per share. Example 6:On February 1, 2003, the balance of XYZ Company’s retained earnings was $2,500,000. XYZ Company declared a 15% stock dividend on its 100,000 shares of $10 par value common stock. The cu rrent fair market value of XYZ Company’s stock is $13 per share. Retained earnings195,000 Stock dividend Distributable150,000 Additional paid in capital45,000 On March 1, 2003, XYZ Company issued the dividend shares. Stock dividend distributable 150,000 Common Stock150,000 – Effect of stock dividends on stockholders’ equity and its components: S/E Retained earnings195,000 (Decrease)Common Stock150,000 (Increase) Additonal paid in capital45,000 (Increase) NET EFFECT: No change V. Stock Splits: * The issuance of additional shares of stock to stockholders accompanied by: * A reduction in the par or stated value; * An increase in number of shares. No entry * Effect of stock splits on stockholders’ equity and its components: S/E Common Stock (Par value per share x total # of issued shares) Add. Paid in capital Retained Earnings VI. Retained Earnings: * Net income that is retained in the business. Revenues (Credit, transfer to credit of income)Income Summary(Tr ansfer N. I to retained earnings credit) Retained Earnings Expenses (Transfer debit to debid of income summary) * Deficit: a debit balance in retained earnings. Deficit is reported as a deduction in stockholders’ equity on the balance sheet. * Retained earnings restrictions- Debt covenants VII. Financial Statement Presentation: 1. Balance Sheet S/E Paid-in-capital Common stock (par value) Preferred stock (par value) Additional paid in capital Retained earnings Less: Treasury Stock 2. Statement of Cash Flows Cash Flows from Financing ActivitiesIssuance of stock (cash inflows) Repurchase of stock (cash outflows) Dividend payment (cash outflows) VIII. Ratio Analysis: 1. Dividend Record * Payout Ratio: Cash dividends declared on common stock/ Net income 2. Earnings Performance * Return on common stockholders’ equity ratio: (NI-Prefered stockholders dividends)/Average common stockholders equity 3. Debt versus Equity Decision | Bond| Common Stock| Owners’ Control| Not affected| Diluted| Tax Benefit| Bond interests are tax deductible| Dividends are not deductible| Financial Ratio(EPS)| Not affected| Lower| Fixed payment| Yes | No|

For decades, African Americans have been on a racial...

For decades, African Americans have been on a racial discrimination and extremely deadly roller coaster ride for justice and equality. In this new day and age, racial tendencies and prejudice has improved since the 1700-1800s,however, they are slowly going back to certain old ways with voting laws and restaurants having the option to serve blacks or not. It all began with the start of slavery around 1619. The start of the New World, the settlers needed resources England and other countries had, which started the Triangle Trade. The New England settlers manufactured and shipped rum to West Africa; West Africa traded slaves to the West Indies for molasses and money . From the very beginning, they treated African Americans like an object or†¦show more content†¦On their way there, it was said that they killed sixty whites before being overwhelmed by local whites and a militia and lost their lives. After the capture, trial, and death by hanging of Nat Turner, many southern state s started to increase and stricter their slave laws to prevent this from happening again (Black History Milestones). This is just a small spark to a fight for abolition and the Underground Railroad to freedom. An early abolition movement in the North, by slaves wanting to liberate themselves and Quakers who opposed slavery and their moral beliefs, started but soon decline when slaves were part of the economic solution to work in the cotton fields. On the other hand, a reaction towards congress passing the Fugitive Slave Act started a new abolition movement. William Lloyd Garrison was one of the crusaders for this movement. He was a journalist from Massachusetts who founded an abolitionist newspaper The Liberator in 1831 and was an antislavery activist (Black History Milestones). Another abolitionist was Frederick Douglass; he launched his own abolitionist newspaper in 1846 (Brunner). Fighting to stop slavery was not the only thing people tried to do. Free blacks and antislavery Nort herners began to help slaves escape their owners in the South to the North with an intricate, labyrinth escape route to