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financial acounting

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