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33 Cards in this Set
- Front
- Back
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authorized stock
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the amount of stock that a corporation is authorized to sell as indicated in its charter
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By-laws
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the internal rules and procedures for conducting the affairs of a corporation
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cash dividend
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a pro rata distribution of cash to stockholders
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charter
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a document that creates a corporation
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common stock
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capital stock that is voting stock of a corporation
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corporation
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a business organized as a legal entity separate and sidtinct from its owners under state corporation law
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corporate capital
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the owners' ewuity in a corporation. Also called stockholders' equity of shareholders' equity
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cumulative dividend
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a feature of preffered stock entitling the stockholder to receive current and unpaid prior-year dividends before common stockholders receive any dividends
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declaration date
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the date the board of directors formally declares the dividend and announces it to stockholders
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deficit
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a debit balance in retained earnings
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dividend
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a distribution by a corporation to its stockholders on a pro rata basis
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legal capital
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the amound per share of stock that must be reatined in a business for the protection of corporate creditors
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liquidating dividend
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a dividend declared out of paid in capital
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no-par value stock
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capital stock that has not been assigned a value in the corporate charter
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organization costs
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costs incurred in the formation of a corporation
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outstanding stock
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capital stock that has been issued and is being held by stockholders
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paid in capital
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legal capital plus contributed capital in excess of par or stated value
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par value stock
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capital stock that has been assigned a value per share in the corporate charter
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payment date
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the date dividend checks are mailed to stockholders
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preferred stock
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capital stock that has contractual preferences over common stock in certain areas
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prior period adjustment
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the correction of an errir in previously issued financial statements
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privately held corporation
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a corporation that has only a few stockholders and whose stock is not available for sale to the general public
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publicly held corporation
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a corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities exchange
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record date
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the date when ownership of outstanding shares is determined for dividend purposes
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retained earnings
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net income that is retained in the business
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retained earnings restrictions
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circumstances that make a portion of retained earnings currently unavailable for dividends
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retained earnings statement
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a financial statement that shows the changes in retained earnings during the year
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return on common stockholders equity ratio
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a ration that measures profitablility from the stockholders point of view. It is computed by dividing net income available to common stockholders by average common stockholders equity
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stated value
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the amount per share assigned by the board of directors to no-par stock that becomed legal capital per share
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stock dividend
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a pro rata distribution of the corporation's own stock to stockholders
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stock split
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the issuance of additional shares of stock to stockholders accompanied by a reduction in the par or stated value per share
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stockholders equity statement
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a statement that shows the charges in each stockholders equity account and in total stockholders equity during the year
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treasury stock
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a corporation's own stocks that has been issued, fully paid for, and reacquired by the corporation by not retired
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