Reversed Chapter (11) Flashcards Preview

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Flashcards in Reversed Chapter (11) Deck (19):
1

A cash distribution of earnings by a corporation to its shareholders.

cash dividend

2

The stock outstanding when a corporation has issued only one class of stock.

account form

3

Stock that has a right to receive regular dividends that were not declared (paid) in prior years.

cumulative preferred stock

4

The interest deducted from the maturity value of a note or the excess of the face amount of bonds over their issue price.

discount

5

Net income per share of common stock outstanding during a period.

earnings per common share (EPS)

6

Cumulative preferred stock dividends that have not been paid in prior years are said to be in arrears.

in arrears

7

The stock in the hands of stockholders.

outstanding stock

8

A dollar amount assigned to each share of stock.

par value

9

A class of stock with preferential rights over common stock.

preferred stock

10

The excess of the issue price of a stock over its par value or the excess of the issue price of bonds over their face amount.

premium

11

The combination of direct materials and direct labor costs.

prior period adjustment

12

Amounts of retained earnings that have been limited for use as dividends.

restrictions

13

A summary of the changes in the retained earnings in a corporation for a specific period of time; such as a month or a year.

retained earnings statement

14

A summary of the changes in the stockholders’ equity in a corporation that have occurred during a specific period of time.

statement of stockholders’ equity

15

Shares of ownership of a corporation.

stock

16

A distribution of shares of stock to its stockholders.

stock dividend

17

A reduction in the par or stated value of a common stock and the issuance of a proportionate number of additional shares.

stock split

18

The owners of a corporation.

stockholders

19

Stock that a corporation has once issued and then reacquires.

treasury stock