This volume builds on introductory principles to examine corporate accounting and financial problems, emphasizing valuation for the commercial balance sheet. It treats corporate form and organization, stock classifications and capital structure, bookkeeping practices for corporations, and methods for recording premiums, discounts, dividends, and reorganizations. Detailed discussion covers documentary and ledger procedures, controls, and special applications such as securities, partnerships converting to corporations, and reconciliation techniques. Supplementary chapters address miscellaneous but essential topics for a second-year study of accounting theory and practice.