Chp 20 Stockholders Equity Flashcards
_____ _____ Costs represent expenditures for registration, underwriting, attorney and accountant involvement, printing, administration, and promotion.
Stock Issue
Stock issued but later repurchased and held by a corporation.
Treasury
Amount of stock that can be legally issued.
Authorized
First day shares are traded without the right to receive declared dividends.
Exdividend
A right to preferred stock dividends that add up each year if not paid.
Cumulative
A distribution of retained earnings to shareholders.
Dividend
_____ interest represents net assets owned by investors who are not part of the controlling interest.
Non-controlling
A term for a stock that has been acquired and no longer issued and outstanding.
Retirement
Income that represents changes in equity of a business during a period from transactions and other circumstances by nonowner sources.
Comprehensive
A change in the number of shares outstanding and offsetting change in par or stated value per share.
Stocksplit
A type of dividend that is noncash assets.
Property
A type of dividend that is a return of stockholders’ investment rather than a distribution of profits.
Liquidating
Primary issue of shares and are the residual owners of a corporation.
Common
Gives each stockholder the opportunity to maintain a proportional ownership in a corporation.
Preemptive
Value assigned to no-par stock.
Stated
A type of stock split that results in an increase in market price per share.
Reverse
Restricted retained earnings placed in a separate account and identified in financial statements.
Appropriative
Accumulated net income or net loss from a company’s inception.
Retained Earnings
Articles of _____ is a document prepared by a corporation that describes its nature and purpose and type and number of stock authorized.
Incorporation
Retained earnings allocated by a corporation for a certain purpose.
Restricted
Stock value per share based upon articles of incorporation.
Par Value
A type of dividend that grants new shares of stock to shareholders without any consideration from them.
Stock
_____ Business Corporation Act guides states in the development of their corporation statues.
Model
Abbreviation for comprehensive income acquired over current and prior periods.
A.O.C.I.
Number of stock that has been released by a corporation.
Issued
Allows preferred stockholders to share in additional dividends on pro rata basis with common stockholders.
Participating
Date of _____ is when a corporation approves and announces a dividend payment.
Declaration
Shares with certain preferences or rights, including priority claim on dividends.
Preferred
Stock issued less those in the corporation’s treasury.
Outstanding
