Accounting 102-Chapter 11 Stockholders' Equity

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Author:
davecowman
ID:
307353
Filename:
Accounting 102-Chapter 11 Stockholders' Equity
Updated:
2015-09-20 17:48:08
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Chapter11
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Description:
Chapter 11 Stockholders' Equity
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  1. Contributed capital
    Represents the amount the corporation received from the sale of stock to the stockholders
  2. Common Stock
    Carries voting rights.  The common stockholders elect the corporation's officers and establish its bylaws and governing rules.
  3. Authorized Shares
    The maximum number of shares a corporation may issue as indicated in the corporate charter.
  4. Issued Shares
    The number of shares sold or distributed to stockholders.
  5. Outstanding shares
    The number of shares issued less the number of shares held as treasury stock.
  6. Treasury Stock
    Stock issued by the firm and repurchased but not retired.
  7. Par Value
    An arbitrary amount that represents the legal capital of the firm.
  8. Additional paid-in capital
    The amount received for the issuance of stock in excess of the par value of the stock. (Alternate term: Paid-in capital in excess of par.
  9. Retained Earnings
    Net income that has been made by the corporation but not paid out as dividends.
  10. Convertible Feature
    Allows preferred stock to be exchanged for common stock
  11. Redeemable feature
    Allows stockholders to sell stock back to the company.
  12. Callable feature
    Allows the firm to eliminate a class of stock by paying the stockholders a specified amount.
  13. Cumulative feature
    The right to dividends in arrears before the current-year dividend is distributed.
  14. Participating feature
    Allows preferred stockholders to share on a percentage basis in the distribution of an abnormally large dividend.
  15. Retirement of Stock
    When the stock is repurchased with no intention of reissuing at a later date.
  16. Dividend payout ratio
    The annual dividend amount divided by the annual net income.
  17. Stock dividend
    The issuance of additional shares of stock to existing stockholders.
  18. Stock split
    The creation of additional shares of stock with a reduction of the par value of the stock.
  19. Statement of stockholders'equity
    Reflects the differences between beginning and ending balances for all accounts in the Stockholders'Equity category of the balance sheet.
  20. Comprehensive income
    The total change in net assets from all sources except investments by or distributions to the owners.
  21. Book value per share
    Total stockholders' equity divided by the number of shares of common stock outstanding.
  22. Net Assets
    Refers to the total assets of the firm minus total liabilities
  23. Market value per share
    The selling price of the stock as indicated by the most recent transactions.
  24. Sole proprietorship
    A business with a single owner.
  25. Partnership
    A business owned by two or more individuals that has the characteristic of unlimited liability.

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