Chapter 13 Glossary

Chapter 13 Glossary - Chapter 13 Glossary Appropriated...

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Chapter 13 Glossary Appropriated retained earnings Retained earnings separately reported to inform stockholders of funding needs. Authorized stock Total amount of stock that a corporation's charter authorizes it to issue. Basic earnings per share Net income less any preferred dividends and then divided by weighted-average common shares outstanding. Book value per common share Recorded amount of equity applicable to common shares divided by the number of common shares outstanding. Book value per preferred share Equity applicable to preferred shares (equals its call price [or par value if it is not callable] plus any cumulative dividends in arrears) divided by the number of preferred shares outstanding. Call price Amount that must be paid to call and retire a callable preferred stock or a callable bond. Callable preferred stock Preferred stock that the issuing corporation, at its option, may retire by paying the call price plus any dividends in arrears. Capital stock General term referring to a corporation's stock used in obtaining capital (owner financing). Change in an accounting estimate Change in an accounting estimate that results from new information, subsequent developments, or improved judgment that impacts current and future periods. Common stock Corporation's basic ownership share; also generically called capital stock . Complex capital structure Capital structure that includes outstanding rights or options to purchase common stock, or securities that are convertible into common stock. Convertible preferred stock Preferred stock with an option to exchange it for common stock at a specified rate. Corporation
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This note was uploaded on 02/21/2012 for the course ACCT 202 taught by Professor Walterberry during the Spring '10 term at Old Dominion.

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Chapter 13 Glossary - Chapter 13 Glossary Appropriated...

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