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Edmonds 11- spark - Chapter Eleven Accounting For Equity...

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The McGraw-Hill Companies, Inc. 2006 McGraw-Hill/Irwin Chapter  Eleven Accounting For  Equity Transactions
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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
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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
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Authorized, Issued, and  Outstanding Capital Stock The maximum number  of shares of capital  stock that can be sold  to the public.  Authorized Shares
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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
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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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