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24 Cards in this Set
- Front
- Back
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The amount of stock that a corporation is authorized to sell as indicated in its charter.
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Authorized stock
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A pro rata distribution of cash to stockholders.
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Cash dividend
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A feature of preferred stock entitling the stockholder to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
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Cumulative dividend
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The date the board of directors formally declares the dividend and announces it to stockholders.
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Declaration date
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A debit balance in retained earnings.
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Deficit
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Dividend A distribution by a corporation to its stockholders on a pro rata (equal) basis.
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Dividend
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Preferred dividends that were scheduled to be declared but were not declared during a given period. (p. 000)
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Dividends in arrears
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The amount per share of stock that must be retained in the business for the protection of corporate creditors. (p. 000)
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Legal capital
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Capital stock that has not been assigned a value in the corporate charter. (p. 000)
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No-par value stock
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The amount paid in to the corporation by stockholders in exchange for shares of ownership. (p. 000)
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Paid-in capital
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Capital stock that has been assigned a value per share in the corporate charter. (p. 000)
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Par value stock
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The date dividend checks are mailed to stockholders. (p. 000)
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Payment date
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A measure of the percentage of earnings distributed in the form of cash dividends to common stockholders. (p. 000)
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Payout ratio
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Capital stock that has contractual preferences over common stock in certain areas. (p. 000)
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Preferred stock
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A corporation that has only a few stockholders and whose stock is not available for sale to the general public. (p. 000)
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Privately held corporation
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A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities market. (p. 000)
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Publicly held corporation
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The date when ownership of outstanding shares is determined for dividend purposes. (p. 000)
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Record date
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Net income that is retained in the business.
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Retained earnings
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Circumstances that make a portion of retained earnings currently unavailable for dividends. (p. 000)
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Retained earnings restrictions
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A measure of profitability from the stockholders’ point of view; computed by dividing net income minus preferred stock dividends by average common stockholders’ equity. (p. 000)
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Return on common stockholders’ equity ratio
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The amount per share assigned by the board of directors to no-par stock that becomes legal capital per share. (p. 000)
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Stated value
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A pro rata distribution of the corporation’s own stock to stockholders. (p. 000)
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Stock dividend
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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. (p. 000)
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Stock split
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A corporation’s own stock that has been issued, fully paid for, and reacquired by the corporation but not retired. (p. 000)
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Treasury stock
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