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Chapter 12
Chapter 12
Chapter 12
Chapter 13
Chapter 13
100
Authorization of stock
What is the maximum shares of a stock class the corporation may issue?
100
Paid-in Capital
What is the section in the Stockholder's Equity that represents amounts received from stockholders?
100
Premium
What is issuing stock above par value?
100
Small stock dividend
What is a stock dividend that is less than 20%-25% of issued and outstanding stock?
100
Stock Dividend
What is a distribution by a corporation of its own stock to its shareholders?
200
Stock Certificate
What is the document that represents the individual's ownership?
200
Retained Earnings
What is the section in the stockholder's equity that represents capital earned by profitable operations?
200
Declaration Date
What is the date that the board of directors announces the intention to pay a dividend?
200
Stock split
What is the action that increases the number of issued and outstanding shares of stock?
200
Prior-period adjustment
What is a correction to retained earnings for an error of an earlier period?
300
Mutual Agency
What is the ability of partners to enter into contracts for the company?
300
Two classes of stock
What is preferred and common?
300
Book Value per share of stock
What is the amount of stockholder's equity on the company's books for each share of it's stock?
300
Treasury Stock
What is company stock that was previously issued and later reacquired?
300
Extraordinary Item
What is a gain or loss that is both unusual and infrequent?
400
Corporation
What is a business owned by stockholders?
400
Par value
What is an arbitrary amount assigned by a company to a share of its stock?
400
Deficit
What is a debit balance in retained earnings?
400
Appropriation of retained earnings
What is retained earnings restrictions recorded by formal journal entries?
400
Comprehensive Income
What is a company's change in total stockholder's equity from all sources other than its owners?
500
Articles of Incorporation
What are the rules approved by the stat that govern the management of the corporation?
500
Preemption
What is the ability of stockholders to maintain their proportionate ownership in the corporation?
500
Cumulative
What is the type of preferred stock in which shareholders must receive all dividends in arrears before the common stockholders get any dividend?
500
Earnings Per Share
What is the amount of a company's net income for each share of its outstanding common stock?
500
Memorandum Entry
What is a journal entry that "notes" a significant event, but has no debit or credit amount?