Reversed Chapter (11) Flashcards
A cash distribution of earnings by a corporation to its shareholders.
cash dividend
The stock outstanding when a corporation has issued only one class of stock.
account form
Stock that has a right to receive regular dividends that were not declared (paid) in prior years.
cumulative preferred stock
The interest deducted from the maturity value of a note or the excess of the face amount of bonds over their issue price.
discount
Net income per share of common stock outstanding during a period.
earnings per common share (EPS)
Cumulative preferred stock dividends that have not been paid in prior years are said to be in arrears.
in arrears
The stock in the hands of stockholders.
outstanding stock
A dollar amount assigned to each share of stock.
par value
A class of stock with preferential rights over common stock.
preferred stock
The excess of the issue price of a stock over its par value or the excess of the issue price of bonds over their face amount.
premium
The combination of direct materials and direct labor costs.
prior period adjustment
Amounts of retained earnings that have been limited for use as dividends.
restrictions
A summary of the changes in the retained earnings in a corporation for a specific period of time; such as a month or a year.
retained earnings statement
A summary of the changes in the stockholders’ equity in a corporation that have occurred during a specific period of time.
statement of stockholders’ equity
Shares of ownership of a corporation.
stock
