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acct chapter 11 vocab
Terms in this set (28)
Accumulated Other Comprehensive Income
This account includes the cumulative amount of all previous items reported as other comprehensive income.
The amount of stock that a corporation is authorized to sell as indicated in its charter.
A pro rata (proportional to ownership) distribution of cash to stockholders.
A document that describes a corporation's name and purpose, types of stock and number of shares authorized, names of individuals involved in the formation, and number of shares each individual has agreed to purchase.
A company organized as a separate legal entity, with most of the rights and privileges of a person.
A feature of preferred stock entitling the stockholder to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
The date the board of directors formally authorizes the dividend and announces it to stockholders.
A debit balance in Retained Earnings.
A distribution by a corporation to its stockholders on a pro rata (proportional to ownership) basis.
dividend in arrears
Preferred dividends that were supposed to be declared but were not declared during a given period.
The amount of capital that must be retained in the business for the protection of corporate creditors.
no par value stock
Capital stock that has not been assigned a value in the corporate charter.
Capital stock that has been issued and is being held by stockholders.
paid in capital
The amount stockholders paid in to the corporation in exchange for shares of ownership.
par value stock
Capital stock that has been assigned a value per share in the corporate charter.
The date cash dividend payments are made to stockholders.
A measure of the percentage of earnings a company distributes in the form of cash dividends to common stockholders.
Capital stock that has contractual preferences over common stock in certain areas.
privately held corporation
A corporation that has only a few stockholders and whose stock is not available for sale to the general public.
publicly held corp
A corporation that may have thousands of stockholders and whose stock is traded on a national securities market.
The date when the company determines ownership of outstanding shares for dividend purposes.
Net income that a company retains in the business.
retained earnings restriction
Circumstances that make a portion of retained earnings currently unavailable for dividends.
return on common stockholders equity
A measure of profitability from the stockholders' point of view; computed by dividing net income minus preferred dividends by average common stockholders' equity.
The amount per share assigned by the board of directors to no-par stock.
A pro rata (proportional to ownership) distribution of the corporation's own stock to stockholders.
The issuance of additional shares of stock to stockholders accompanied by a reduction in the par or stated value per share.
A corporation's own stock that has been reacquired by the corporation and is being held for future use.
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