Corporations

total amount of a corporation's common stock and preferred stock that the corporation is authorized to issue

distribution of a corporation's earnings in the form of cash

class of stock wherein each share carries equal rights

stock that gives the stockholder the right to receive dividends that were not declared or paid in prior years

when there is a net debit balance in the retained earnings account

when stock has been sold for a price that is less than its par value

distribution of a corporation's earnings in the form of cash, stock, or property to the stockholders as voted on by the board of directors

cumulative preferred stock that has not been paid in at least one prior period

total authorized stock that is issued and currently held by stockholders

capital contributed to the corporation by its stockholders

nominal value in dollars that is assigned to each share of stock on the stock certificate

class of stock that carries various rights, such as dividend preference

when stock has been sold for a price that is more than its par value

correction of an error made in a prior period that is reflected directly in retained earnings, not on the income statement

limitation on the use of retained earnings as payment of dividends, used by a corporation's board of directors

net income that is retained in a corporation

statement prepared when there have been changes to the stock and paid-in capital accounts of a corporation

share of ownership of a corporation

distribution of a corporation's earnings in the form of additional stock to the stockholders

issuance of a proportional number of additional shares by a corporation that reduces the par value of its common stock

owners of a corporation's stock and, therefore, owners of the corporation

owners' equity in a corporation

stock that has been issued and then reacquired by the same corporation