Accounting 151 Chapter 2

Front 1

Appropriated retained earning

Back 1

retained earnings seperately reported to inform stockholders of funding needs.

Front 2

Authorized stock

Back 2

total stocks that corporations charter declares to issue

Front 3

basic income per share

Back 3

net income less any preferred dividedends and then divided by weighted average common shares outstanding

Front 4

book value per common share

Back 4

recommended amount of equity applicable to common shares divided by number of common shares outstanding

Front 5

call price

Back 5

amount that must be paid to call and retire a callable prefeered stock or acallable bond

Front 6

callable preferred stock

Back 6

preferred stock that the issuing corporation option may retire by paying the call price plus any dividends in arrears

Front 7

common stock

Back 7

basic ownership of share also called capital stock

Front 8

convertible preferred stock

Back 8

preferred stock with an option to exchange it for common at a special rate

Front 9

cumilative preferred stock

Back 9

undeclared dividends accumlated until paid common stock holders cannont recieve dividends until cumilative dividends are paid

Front 10

date of declaration

Back 10

date of directors decide to pay a dividend

Front 11

date of payment

Back 11

date the corporation declares to make payment

Front 12

date of record

Back 12

directors specify for identifying which stockholders receive dividends

Front 13

discount stocks

Back 13

difference between the par value of stock and its issue price when issued at a price below par value

Front 14

dividends in arrears

Back 14

unpaid dividend on cumilative preffered stock, must be issue price when issued at a price below par value

Front 15

dividends yield

Back 15

ratios of the annual cash dividends distributed to common shares of holders reative to stock market value price

Front 16

earning per share

Back 16

amount of income earned by each share of a company outstanding common stock

Front 17

large stock dividend

Back 17

stock dividends amount more than 25% of the previously outstanding shares

Front 18

market value pershare

Back 18

price at which stock is bought or sold

Front 19

minumum legal capital

Back 19

amount of assets defined by law that stockholders must invest in a corporation

Front 20

non cumilative preferred stock

Back 20

preferred stock on which he right to receive dividends is lost for any period when dividends are not declared

Front 21

non participating preferred stock

Back 21

preferred stock on which dividend are limited to a maximum amount each year

Front 22

no par value

Back 22

sotkc class that has not been assigned a par or stated value by corporative charters

Front 23

paid in capital in excess of par value

Back 23

amount recieved of stock that is in excess of stocks par value

Front 24

participating preferred stock

Back 24

preferred stock that shares with common shareholders any dividends paid increase of the percent stated on preferred stock

Front 25

price earning ratios

Back 25

ratios of a company cannot market share value per shareto its earning per share

Front 26

proxy

Back 26

giving a stockholders agent the right to vote

Front 27

retained earnings

Back 27

cumilative income less cumilative losses and dividends retained earnings deficit debit abnormal balance in retained earnings

Front 28

reverse stock split

Back 28

occurs when a corporation call in its stock and replaces each share with less that one new share

Front 29

stated value stock

Back 29

no par share assigned a stated value per share this amount is recorded when the stock is issued

Front 30

stock split

Back 30

when a corp calls in its sotck and replaces each share with more than one new share. decrease both market and value per share and par or state value per share

Front 31

treasury stock

Back 31

corporations own stock that is required and still holds