Edmonds 11- spark

Edmonds 11- spark - The McGraw-Hill Companies, Inc. 2006...

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Unformatted text preview: The McGraw-Hill Companies, Inc. 2006 McGraw-Hill/Irwin Chapter Eleven Accounting For Equity Transactions Legal capital is the amount of capital, required by the state of incorporation, that must remain invested in the business. Par Value Nominal Amount Legal capital Characteristics of Capital stock Par value is an arbitrary amount assigned to each share of stock when it is authorized. Par value is an arbitrary amount assigned to each share of stock when it is authorized. Market price is the amount that each share of stock will sell for in the market. Market price is the amount that each share of stock will sell for in the market. Characteristics of Capital stock Authorized, Issued, and Outstanding Capital Stock The maximum number of shares of capital stock that can be sold to the public. Authorized Shares Authorized, Issued, and Outstanding Capital Stock Issued shares are authorized shares of stock that have been sold. Unissued shares are authorized shares of stock that never have been sold. Authorized Shares Authorized, Issued, and Outstanding Capital Stock Unissued Shares Treasury Shares Outstanding Shares Issued Shares Treasury shares are issued shares that have been reacquired by the corporation. Outstanding shares are issued shares that are owned by stockholders....
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This note was uploaded on 03/12/2012 for the course ACCT 221 taught by Professor Catherinewest during the Spring '06 term at UMass (Amherst).

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Edmonds 11- spark - The McGraw-Hill Companies, Inc. 2006...

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