ACCOUNTING 658
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  • 56 terms

    Term:

    accounting cycle

    Definition:

    process of accounting

    • Keyterms Chapter 2
    • 56 terms
    • Vocabulary for Keyterms Chapter 2. Find, create, and access Chapter 2, flashcards with Course Hero.
  • 27 terms

    Term:

    Authorized shares

    Definition:

    is also usually listed in the capital accounts section of the balance sheet. The maximum number of shares of stock that a company can issue. This number is specified initially in the company's charter, but it can be changed with shareholder approval. Generally a much greater number of shares are authorized than required, to give the company flexibility to issue more stock as needed.

    • Chapter 3
    • 27 terms
    • Vocabulary for Chapter 3. Find, create, and access Keyterms, flashcards with Course Hero.

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