Chapter 13 (1)

Chapter 13 (1) - ACCOUNTING FOR CORPORATIONS Chapter 13...

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Unformatted text preview: ACCOUNTING FOR CORPORATIONS Chapter 13 Slide 2 Slide 2 Co rpo rat e Or ga ni za tion Ch ar t Se cret ary Vi ce Pr esi den t Fina nce Vi ce Pr esi den t Pr odu ction Vi ce Pr esi den t Ma rket ing Pr esi den t Bo ard of Di rect ors St ock hol der s Owners. Represent stockholders. CORPORATE ORGANIZATION Slide 3 Slide 3 Each unit of ownership is called a share of stock . STOCK CERTIFICATES Slide 4 Slide 4 Common Stock Basic rights inherent in its ownership Basic rights inherent in its ownership The right to vote in corporate matters such as the election of the board of directors or the undertaking of major actions such as the purchase of another company. The preemptive right , which permits existing stockholders to purchase additional shares whenever stock is issued by the corporation. Right to receive dividends if they are paid. Rights to ownership of all corporate assets once obligations to everyone else have been satisfied. Slide 5 Slide 5 Par value is the face value of the stock. Market price is the amount that each share of stock will sell for in the market. BASICS OF CAPITAL STOCK Classes of Stock Par Value No-Par Value Slide 6 Slide 6 Par Value Stock On September 1, Matrix, Inc. issued 100,000 shares of $2 par value stock for $25 per share....
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Chapter 13 (1) - ACCOUNTING FOR CORPORATIONS Chapter 13...

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