Accounting Chapter 10
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Treasury stock
The corporations own stock that it acquired
Angel investors
Wealthy individuals in the business community willing to risk investment funds on a promising business venture
Limited liability
shareholders can lose no more than the amount they invested on the company
Issued stock
shares actually sold
Authorized stock
shares available to sell
Redeemable
shares can be returned to the corporation at a predetermined price
Outstanding stock
shares held by investors
Cumulative
shares receive priority for future dividends if dividends are not paid in a given year
Paid in capital
the amount invested by stockholders
Retained earnings
the earnings not paid out in dividends