CH 12

A company organized as a separate legal entity, with most of the rights & privileges of a person.

A distribution by a corp.to its stockholders on a pro rata (proportional to ownership) basis.

The date cash dividend payments are made to stockholders.

The date when the company determines ownership of outstanding shares for dividend purposes.

feature of preferred stock entitling the SH to rec. current&unpaid prior-year dividends before common SH rec. any div.

Capital stock that has not been assigned a value in the corporate charter.

The date the board of directors formally authorizes the dividend & announces it to stockholders.

Circumstances that make a portion of retained earnings currently unavailable for dividends.

The amount of capital that must be retained in the business for the protection of corporate creditors.

The amount of stock that a corporation is authorized to sell as indicated in its charter.

A pro rata (proportional to ownership) distribution of the corporation's own stock to stockholders.

This account includes the cumulative amount of all previous items reported as other comprehensive income.

The issuance of additional shares of stock to stockholders accompanied by a reduction in par or stated value per share.

The amount stockholders paid in to the corporation in exchange for shares of ownership.

The amount per share assigned by the board of directors to no-par stock.

Capital stock that has been assigned a value per share in the corporate charter.

A pro rata (proportional to ownership) distribution of cash to stockholders.

Net income that a company retains in the business.

A debit balance in Retained Earnings.

A corporation's own stock that has been reacquired by the corporation & is being held for future use.

A corporation that has only a few stockholders & whose stock is not available for sale to the general public.

document describes a corp. name&purpose,types of stock&# of shares authorized,names of indiv. involved in formation,#

A measure of the % of earning company distributes in the form of cash dividends to common stockholders.

Capital stock that has been issued & is being held by stockholders.

measure of profitability from SH point of view;computed by dividing NI - preferred dividends by average common SH equity

Capital stock that has contractual preferences over common stock in certain areas.

Preferred dividends that were supposed to be declared but were not declared during a given period.

A corporation that may have thousands of stockholders & whose stock is traded on a national securities market.