FAR 15 - Stockholders Equitu Flashcards
1
Q
Who is voted on at Stockholder’s meeting?
A
Board of directors
2
Q
Name the two types of retained earning and define the difference
A
- Appropriated - reserved for particular fund or reason
2. I appropriated - not reserved, general fund; dividends paid from this fund
3
Q
What is the difference between accumulated other comprehensive income and other comprehensive income?
A
Other comprehensive income is year by year; accumulated is total to date
4
Q
Which type of stock has voting rights?
A
Common stock
