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Unformatted text preview: -Chapter 15 part 1 homework: Complete Questions 1,3,4,5,6,7,8,18,24,32 pages 775-776, 1) The rights of stockholders of a corporation are first to share proportionately in profits and losses, seco 3) Common stock is the residual corporate interest that bears the ultimate risks of loss and receives the b 4) The retained earnings is more of the capital of the company that is needed for the growth of the compa 5) Authorized capital is the total number of shares authorized by the state of incorporation for issuance Unissued capital stock is the total number of shares authorized by the state of incorporation for issuan Issued capital stock is the total number of shares authorized but not issued outstanding capital stock is the total number of shares issued and still in the hands of stockholders Treasury stock is the shares of stock issued and repurchased by the issuing corporation but not retired 6) The par value is the amount that must be paid in for each share if the stock is to be fully paid when iss...
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This note was uploaded on 04/14/2011 for the course ACCT 3202 taught by Professor Kenmichael during the Spring '11 term at University of Minnesota Duluth.
- Spring '11