Shared Flashcard Set

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ACCT 501 Ch 13& 14 terms
ACCT 501 Ch 13& 14 terms
15
Accounting
Graduate
07/13/2011

Additional Accounting Flashcards

 


 

Cards

Term
Authorized Stock
Definition
The amount of stock that a corportation is authorized to sell as indicated in its charter
Term
By-laws
Definition
The internal rules and procedures for conducting the affairs of a corporation
Term
Charter
Definition
A document that creates a corportation
Term
Cumulative dividend
Definition
A feature of preferred stock entitling the stockholder to receive current and unpaid proir-year dividends before common stock holders receive dividends
Term
No-par stock value
Definition
Capital stock that has not been assigned a value in the corporate charter
Term
Organization Costs
Definition
Costs incurred in the formation of a corportation
Term
Outstanding stock
Definition
Capital Stock that have been issued and is being held by stockholders
Term
Paid-in capital
Definition
total amount of cash and other assets paid in to the corporation by stockholders in exchange for capital stock
Term
Par value stock
Definition
Capital stock that has been assigned a value per share in the corporate charter
Term
Preferred Stock
Definition
Capital stock that has some preferences over common stock
Term
Privately held corporation
Definition
A corporation that had only a few stockholders and whose stock is not  available for sale to the general public
Term
Publicly held corporation
Definition
A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities exchange
Term
Retained Earnings
Definition
Net income that is retained in he corporation for future use
Term
stated value
Definition
The amount per share assigned by the board of directors to non-par stock
Term
Treasury Stock
Definition
A corporations own stock that has been issued and subsequently reacquired from shareholders by the corporation but not retired.
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