Term
| authorized number of shares |
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Definition
| the maximum number of shares of a corporations capital stock that can be issued as specified in the charter |
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Definition
| represent the total number of shares of stock that have been sold |
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Definition
| refer to the total number of shares of stock that are owned by stockholders on any particular date |
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Definition
| the basic voting stock issued by a corporation |
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Definition
| the nominal value per share of captical stock specified in the chapter; serves as the basis for legal capital |
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Definition
| the permanent amount of capital defined by state law that must remain invested in the business; serves as a cushion for creditors |
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Definition
| captical stock that has no par value specified in the corporate charter |
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Definition
| a corporations own stock that had been issued but was subsequently reacquired and is still being held by that corporation |
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Term
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Definition
| the date on which the board of directors officially approves a divident |
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| the date on which the corporation prepares the list of current stockholders as shown on its records; dividends can be paid only to the stockholders who own stock on the date |
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Definition
| the date on which a cash dividend is paid to the stockholders of record |
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Term
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Definition
| a distribution of additional shares of a corporations own stock |
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Definition
| an increase in the total number of authorized shares by a specified ratio; does not decrease retained earnings. changes value per share but does not change total par value. no journal entry |
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Definition
| stock that has specified rights over common stock |
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Term
| current divident preference |
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Definition
| the feature of preffered stock that grants priority on preffered dividends over common dividends |
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Term
| cumulative divident preference |
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Definition
| the preferred stock feature that requires specified current dividends not paid in full to accumulate for every year in which theyre not paid. These must be paid before any common dividends can be. |
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Definition
| dividends on cumulative preffered stock that have not been declared in prior years |
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Term
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Definition
| dividends not declared in previous years are lost |
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