ch 10

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preferred stock

1. has preference as to dividends 2. is useful for raising capital without reducing common stockholder's control 3. generally does not have voting rights

two types of corporations

1. public 2. private

total number of shared available to sell as indicated in the company's articles of incorporation

authorized shares

stock records are finalized to determine which stockholders are to receive payment

date of record

dividends payable is recorded as a credit on the

declaration date

the board of directors officially approves a dividend

declaration date

distribution of assets to shareholders

dividend

declaring a dividend that will be paid at a later date has what affect on the accounting equation

increase in liabilities decrease in stockholder's equity

total number of shares of stock issues or sold to investors

issues shares

an accumulated deficit in retained earnings indicates that the company had

net losses

dividends payable is increased

on the declaration date

the number of shares issued less treasury shares repurchased by the corporation

outstanding shares

a business that is co-owned by two or more persons, whose investors have unlimited liability

partnership

dividends payable is decreased

payment date

-all of the company's earnings kept rather than distributed to stockholders -decreased by dividends -sometimes called earned capital -increased by net income

retained earnings

corporations accumulated income that has not been distributed as dividends to shareholders

retained earnings

a corporation is owned by its

shareholders

amounts invested by shareholders amounts earned by the corporation

shareholders eqiuty

number of shares issues minus the number of shares in treasury

shares outstanding

retained earnings paid in capital

sources of shareholders equity

cause par value per share to change

stock splits

cause total stockholder's equity to remain the same

stock splits and stock dividends

2-for-1 stock split increased the marketability of the stock because

the market price per share decreases

shares of stock that are repurchased

treasury stock

dividends declared is closed into ______ _________ at the end of the fiscal year

retained earnings

ownership interests of the investors in a corporation are referred to as

shareholder's equty

limited to the amount of the investment

shareholder's liability

distribution of additional shares of a corporations stock to current shareholders of the corporation

stock dividend

require a journal entry

stock dividends


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