The document discusses several topics related to corporate equity including: 1) Sections of the income statement such as continuing operations, discontinued operations, and extraordinary items. 2) Stock dividends which transfer equity from retained earnings to common stock without receiving payment. 3) An example journal entry to record a stock dividend. 4) Stock splits which issue additional shares to existing shareholders without changing total equity. 5) Repurchases of common stock which may retire shares or hold as treasury stock.

1. Chapter 16