Chapter11terms

Chapter11terms - Authorized stock The amount of stock that...

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Authorized stock The amount of stock that a corporation is authorized to sell as indicated in its charter. Book value per share The equity a common stockholder has in the net assets of the corporation from owning one share of stock. By-laws The internal rules and procedures for conducting the affairs of a corporation. Cash dividend A pro rata distribution of cash to stock holders. Charter A document that creates a corporation. Corporation A business organized as a legal entity separate and distinct from its owners under state corporation law. Cumulative dividend A feature of preferred stock entitling the stockholder to receive current and unpaid prior-year dividends before common stockholders receive any dividends. Declaration date The date the board of directors formally declares the dividend and announces it to stockholders. Deficit A debit balance in retained earnings. Dividend A distribution by a corporation to its stockholders on a pro rata (proportional) basis. Liquidating dividend
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This note was uploaded on 10/21/2011 for the course ACCT 272 taught by Professor Mensah during the Fall '08 term at Rutgers.

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Chapter11terms - Authorized stock The amount of stock that...

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