Term
Additional Paid-In Capital |
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Definition
| The paid-in capital in exces of par, common plus other accounts combined for reporting on the balance sheet. Also called Paid in capial in excess of par or contributed capital. |
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| preferred stock is in arrears if the cumulativ dividends has not been paid for the year |
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| The acceptance by te state of the Corporate by-laws |
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Term
Book Value per share of Stock |
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Definition
| Amount of owner's equity on the company's books kfor each share of the corporaton's capital |
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Represents the individual's ownership of the corporation's capital |
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Document that gives the state's permission to form a corporation |
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| Representds the basic ownership of every corporation |
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| the amount invested in the corporation by its owners, the stock holders |
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| Cumlative Preferred Stock |
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Definition
| Preferred Stock whose owners must receive all dividends in arrears before the corporation pays dividends to the common stockholders |
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| Debit balance in the Retained Earnings account |
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| Distributions by a corporation to its stockholders |
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| The price the stock initially sells for the first time it is sold. |
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| The portion of stockholders' equity that cannot be used for dividends |
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| The amount guaranteed to the preferred stock shareholders in the event a company liquidates |
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| Price for which a person could buy or sell a share of stock |
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| Stock in the hands of stockholders |
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| the amount invested in the corporation by its owners, the stock holders. Also called contributed capital |
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| Arbitrary amount assigned to share of stock |
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| Stock that gives its owners certain advantages over common stock holders, such as the right to receive dividends before the common stockholders and the right to receive assets before the common stockholders if the corporation liquidates |
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| The amount above par at which a stock is issued |
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| Rate of Return on Common Stockholder's equity |
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Definition
| Net income minus preferred dividends, divided by average common stock holders' equity. A measure of profitability. Also called return on equity. |
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| Rate of Return on Total assets |
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Definition
| The sum of net income plus interest expense dividend by average total assets. Measures the success a company has in using its assets to earn income for those financing the business. Also called return on assets. |
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| The amount earned by income-producing activities and kept (retained) for use in the business |
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| The sum of net income plus interest expense divided by average total assets, Measures the success a company has in using its assets to earn income for those financing the business. Also called rate of return on total assets |
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Definition
| Net income minus preferred dividends, divided by average common stockholders' equity. A measure of profitability. also called the rate of return on common stockholders' equity |
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| Portions into which the owner's equity of a corporation is divided. Also called a stock certificate or a stock. |
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| an arbitrary amount that accountants treat as though it was par value. |
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| A firm such as Morgan Keegan, that usually agrees to buy all the stock a company wants to issue if the firm cannot sell to the stock of its clients. |
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| Appropriation of Retained Earnings |
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Definition
| Restriction of a portion of retained earning s that is recorded by a formal journal entry |
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| Company's change in total stock holders' equity from all sources other than the owners. |
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| amount of a company's net income for each share of its outstanding stock |
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| Extraordinary Gains or Losses/Extraordinary Items |
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Definition
| A gain or loss that is both unusual for the company and infrequent. |
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| A stock dividend of 25% or more of the issued stock |
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| A journal entry that "notes" a significant event, but has no debit or credit amount. |
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| A correction to retained earnings for an error of earlier period |
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| One of various separate divisions of a company. |
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| A stock dividend of less that 20-25% of the issued stock |
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| A distribution by a corporation of its own stock to its shareholders |
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| An increase in the number of outstanding shares of stock coupled wit a proportionate reduction in the value of the stock |
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| A corporation's own stock that it has issued and later reacquired. |
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