Term
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Definition
| The maximum number of shares a corporation may issue as indicated in the corporate charter. |
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Term
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Definition
| The number of shares sold or distributed to stockholders. |
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Term
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Definition
| The number of shares issues less the number os fhares held as treasury stock. |
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Term
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Definition
| An arbitrary amount that is stated on the face of the stock certificate and that represents the legal capital of the firm. |
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Term
| Additonal paid-in capital |
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Definition
| The amount received for the issuance of stock in excess of the par value of the stock. |
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Term
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Definition
| Net income that has been made by the corporaton byt not paid out as dividends. |
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Term
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Definition
| The right to dividends in arrears before the current-year dividend is distributed. |
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Term
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Definition
| A provision allowing the preferred stockholders to share, on a percentage basis, in the distribution of an abnormally large dividend. |
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Term
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Definition
| Allows preferred stock tobe returned to the corporation in exchange for common stock. |
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Term
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Definition
| Allows the issuing firm to eliminate a class of stock by paying the stckholders a fixed amount. |
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Term
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Definition
| Stock issued by the firm and then repurchased but not retired. |
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Term
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Definition
| When the stock of a corporation is repurchased with no intention of reissuing at a later date. |
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Term
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Definition
| The annual dividend amount divided by the annual net income. |
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Term
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Definition
| A corporation's declaration and issuance of additional shares of its own stock to existing stockholders. |
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Term
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Definition
| Creation of addtional shares of stock and reducton of the par value of the stock. |
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Term
| Statement of stockholders' equity |
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Definition
| A statement that reflects the differences between beginning and ending balances for all accounts in the Stockholders' Equity category. |
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Term
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Definition
| The total change in net assets from all sources except investments by or distributions to the owners. |
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Term
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Definition
| Total stockholders' equity divided by the number ofshares of common stock outstanding. |
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Term
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Definition
| The selling price of the stock as indicated by the most recent stock transactions on, for example, the stock exchange. |
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Term
| Sole proprietorship (Appendix) |
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Definition
| A business with a single owner. |
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Term
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Definition
| A business owned by two or more individuals that has the characteristic of unlimited liability. |
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Term
| Partnership agreement (Appendix) |
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Definition
| A document that specifies how much each owne shuold invest, what the salary of each owner is, and how profits are to be shared. |
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