chapter 8 quiz review
amount associated with the capital stock that has been issued by a corporation. legal capital is generally the par value or stated value of the shares issued
legal capital
called capital stock when no other classes of stock are authorized
common stock
class of stock that represents residual ownership of the corporation (capital stock)
common stock
member of the firm's board of directors who is also an officer or employee of the firm
inside director
stockholders' equity captions usually seen in a balance sheet: 4)
less: treasury stock
stockholders' equity captions usually seen in a balance sheet: 2)
retained earnings (accumulated deficit if negative)
claim of the entity's owners/stockholders to the assets shown in the balance sheet
stockholders' equity
member of the firm's board of directors who is not an officer or employee of the firm
independent directory (outside)
another term for stockholder's equity
net assets
assets - liabilities
net assets
stockholders' equity captions usually seen in a balance sheet:
noncontrolling interest (which is actually the equity interest held by nonowners of the reporting entity)
amount of money shareholders have paid into the company by purchasing shares
paid in capital
amounts invested in the corporation by stockholders and are sometimes referred to as contributed capital
paid-in capital
made up number (stated value)
par value
owner's equity in a partnership
partners' capital
owners' equity of an individual proprietorship
proprietor's capital
stockholders' equity captions usually seen in a balance sheet: 1)
1) paid in capital a) preferred stock (sometimes issued) b) common stock (always issued) c) additional paid-in capital
stockholders' equity captions usually seen in a balance sheet: 3)
accumulated other comprehensive income (loss)