Final - characteristics of a corporation separate legal...

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characteristics of a corporation separate legal existence, limited liability of stockholders, transferable ownership rights, ability to acquire capital, continuous life, corporation management, government regulations, additional taxes 2 authorized stock the amount of stock that a corporation is authorized to sell as indicated in its charter 3 par value stock capital stock that has been assigned a value per share in the corporate charter 4 no-par value stock capital stock that has not been assigned a value in the corporate charter 5 paid-in capital the amount stockholders paid to the corporation in exchange for shares of ownership 6 treasury stock a corporation's own stock that has been reacquired by the corporation and is being held for future use 7 outstanding stock the number of shares of issued stock that are being held by stockholders 8 preferred stock an additional class of stock that has contractual provisions that give it preference or priority over common stock in certain areas 9 cumulative dividend part of preferred stock contracts, preferred stockholders must be paid both current- year dividends and any unpaid prior-year dividends before common stockholders receive dividends 10 dividends in arrears preferred dividends not declared in a given period 11 cash dividend a pro rata distribution of cash to stockholders. the corporation must have retained earnings, adequate cash, and declared dividends in order to pay cash dividends 12 stock dividend a pro rata distribution of the corporation's own stock to stockholders, results in a
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decrease in retained earnings and an increase in paid-in capital 13 stock split involves the issuance of additional shares of stock to stockholders according to their percentage of ownership, results in a reduction in the par or stated value per share, it increases the marketability of the stock by lowering its market value per
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Final - characteristics of a corporation separate legal...

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