Chapter 13 VOCAB Flashcards
The amount of stock that a corporation is authorized to sell as indicated in its charter
Authorized stock
A document that is issued by the state to set fourth important terms and features regarding the creation of a corporation
Charter
A business organized as a legal entity separate and distinct from its owners under state corporation law
Corporation
Capital stock that has not been assigned a value in the corporate charter
No par value stock
Organizational costs
Costs incurred in the formation of a corporation
Capital stock issued and held by stockholders
Outstanding stock
Total amount of cash and other assets paid in the corporation by stockholders in exchsnge for capital stock
Paid in capital
Par value stock
Capital stock that has been assigned a value per share in the corporate charter
Common stock with preference over common stock
Preferred stock
Corporation with few stockholders and stock isn’t available for general public
Privately held corporation
A corporation with thousands of stockholders traded on nse
Publicly held corporation
Net income corporation retains for future use
Retained earnings
Amount per share sssigned by board of directors to no par value stock
Stated value
A corporations own stock that has been issued and subsequently reacquainted from shareholders by the corporation but not retired
Treasury stock
