Term
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Definition
| The amount of stock that a corporation is authorized to sell as indicated in its charter (p. 514) |
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Term
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Definition
| The internal rules and procedures for conducting the affairs of a corporation. (p. 512) |
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Term
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Definition
| A pro rata distribution of cash to stockholders. (p. 526) |
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Term
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Definition
| A document that creates a corporation. (p. 512) |
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Term
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Definition
| A business organized as a legal entity separate and distinct from its owners under state corporation law. (p. 508) |
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Term
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Definition
| A feature of preferred stock entitling the stockholder to receive current and unpaid prior-year dividends before common stockholders receive any dividends. (p. 525) |
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Term
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Definition
| The date the board of directors formally declares the dividend and announces it to stockholders. (p. 526) |
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Term
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Definition
| A debit balance in retained earnings. (p. 534) |
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Term
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Definition
| A distribution by a corporation to its stockholders on a pro rata (proportional basis. (p. 525) |
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Term
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Definition
| A dividend declared out pf paid-in capital. (p. 526) |
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Term
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Definition
| Capital stock that has not been assigned a value in the corporate charter. (p. 515) |
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Term
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Definition
| costs incurred in the formation of a corporation. (p. 512) |
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Term
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Definition
| Capital stock that has been issued and is being held by stockholders. (p. 522) |
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Term
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Definition
| Total amount of cash and other assets paid in to the corporation by stockholders in exchange for capital stock. (p. 516) |
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Term
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Definition
| Capital stock that has been assigned a value per share in the corporate charter. (p. 515) |
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Term
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Definition
| The date dividend checks are mailed to stockholders. (p. 527) |
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Term
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Definition
| Capital stock that has some contractual preferences over common stock. (p. 524) |
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Term
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Definition
| The correction of an error in previously issued financial statements. (p. 535) |
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Term
| Privately held corporation |
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Definition
| A corporation that has only a few stockholders and whose stock is not available for sale to the general public. (p. 509) |
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Term
| Publicly held corporation |
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Definition
| A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities exchange. (p. 508) |
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Term
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Definition
| The date when ownership of outstanding shares in determined for dividend purposes. (p. 527) |
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Term
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Definition
| Net income that a corporation retains for future use. (pp. 516, 533) |
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Term
| Retained earnings restrictions |
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Definition
| Circumstances that make a portion of retained earnings currently unavailable for dividends. (p. 534) |
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Term
| Retained earnings statement |
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Definition
| A financial statement that shows the changes in retained earnings during the year. (p. 536) |
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Term
| Return on common stockholders' equity ratio |
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Definition
| A ratio that measures profitability from teh stockholders' point of view. It is computed by dividing net income available to common stockholders by average common stockholders' equity. (p. 538) |
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Term
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Definition
| The amount per share assigned by the board of directors to no-par stock that becomes legal capital per share. (p. 515) |
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Term
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Definition
| A pro rata distribution of the corporation's own stock to stockholders. (p. 530) |
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Term
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Definition
| The issuance of additional shares of stock to stockholders accompanied by a reduction in the par or stated value per share. (p. 532) |
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Term
| Stockholders' equity statement |
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Definition
| A statement that shows the changes in each stockholders' equity account and in total stockholders' equity during the year (p. 537) |
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Term
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Definition
| A corporation's own stock that corporation has issued, fully paid for, and reqcquired but not retired. (p. 520) |
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Term
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Definition
| The equity a common stockholder has in the net assets of the corporation from owning one share of stock. (p. 544) |
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