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financial acounting
| Question | Answer |
|---|---|
| Authorized stock | the amount of stock a corporation is allowed to sell according to its charter. if all stock is sold the corporation must obtain permission from the state to issue additional shares |
| common stock | when dividend is owned common stock gives the stock holder the right to vote on the board of directors, share corporate earning through receipt of dividends, keep same share of dividends even when stock are issued, share assets of liquidation |
| declaration date | formal authorization of the cash dividend and announcement to share holders(get paid on date and must have owned stock as of a certain date) |
| dividends | payment made to shareholder by a corperation |
| no par stock | no face value on stock |
| par stock | lowest amount stock is worth |
| outstanding shares | what is still out in the public issued- treasury |
| shares outstanding | the stock that is authorized and paid for by the stock holder |
| paid-in-capital | money the corporation makes from people buying its stocks. |
| preferred stock | priority over common stock but to vote |
| publicly-held | thousands of public investors |
| record date | company determines the ownership of outstanding shares for dividends purposes |
| retained earnings | capital held for future use in business |
| treasury stock | stock bought back to reduce the amount of outstanding stock in the market |
| characteristics of a corporation advantages | separate legal entity limited liability of stockholders transferable ownership rights access to capital continuous life |
| characteristics of a corporation disadvantages | double taxation |
| bonds | It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity |
| contingent liabilities | a liability that may or may not be incurred most often described by getting sued |
| CMLTD | reclassification of current maturity of a long term debt |
| reclassification of current maturity of long term debt | cmltd |
| off balance sheet financing | leases, used to keep leverage ratios low |
| what is a pay role cost to employer? | saleries, fica & medicare, unemployment tax |
| what net check costs does the worker pay? | federal and state tax, fica and medicare |
Created by:
micledelving
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