Intermediate Accounting Flashcards
1
Q
Stock Transactions
A
-> Stock shares issued to shareholders
-> Repurchased stock shares (treasury stock)
1
Q
Retained Earnings
A
-> Earned on behalf of the shareholders
-> Distributed to owners via dividends
2
Q
Accumulated Other Comprehensive Income
A
Other changes such as pension items, unrealized gains and losses, foreign currency translations
3
Q
Stockholder’s Equity Section
A
Capital Stock
Preferred Stock (Par)
Common Stock (Par)
Paid in Capital
4
Q
Issuing Stock
A
Selling stock is a one of the primary means of financing for a corporation.
5
Q
Common Stock
A
-> Common stock is ownership stock
-> Conveys the right to share proportionally in
- Profits, voting, net assets upon liquidation, new issues of same type of stock.
6
Q
A
7
Q
A
8
Q
A
9
Q
A
10
Q
A
11
Q
A
