chapter 14 flash cards
cash dividend
pro rata distribution of cash to stockholders
a feature of preferred stock entitling the stockholder to receive current year and any unpaid prior year dividends before common stockholders are paid dividends
cumulative dividend
the date the board of directors formally declares a dividend
declaration date
a debit balance in retained earnings
deficit
corporations distribution of cash or stock to its stockholders on a pro rata basis
dividend
earnings per share
net income earned by each share of outstanding common stock
dividend declared out of paid in capital
liquidating dividend
the date dividends are transferred to stockholders
payment date
correction of an error in previously issued financial statements
prior period adjustment
date when ownership of outstanding shares is determined for dividend purposes
record date
net income that a company retains in the businness
retained earnings
circumstances that make a portion of retained earnings currently unavailble for dividends
retained earnings restrictions
a financial statement that shows the changes in retained earnings during the year
retained earnings statement
a measure of profitability that shows how many dollars of net income wer earned for each dollar invested
return on common stockholders equity
pro rata distribution to stockholders of the corporations own stock
stock dividend
