ACCT6

is the maximum number of shares of a corporation's capital stock that can be issued as specified in the charter.

represent the total number of shares of stock that have been sold.

refer to the total number of shares of stock that are owned by stockholders on any particular date.

is the basic voting stock issued by a corporation.

is the nominal value per share of capital stock specified in the charter; serves as the basis for legal capital.

is the permanent amount of capital defined by state law that must remain invested in the business; serves as a cushion for creditors.

is capital stock that has no par value specified in the corporate charter.

is a corporation's own stock that has been issued but subsequently reacquired and is still being held by that corporation.

is the date on which the board of directors officially approves a dividend.

is the date on which the corporation prepares the list of current stockholders as shown on its records; dividends can be paid only to the stockholders who own stock on that date.

is the date on which a cash dividend is paid to the stockholders of record.

is a distribution of additional shares of a corporation's own stock.

is an increase in the total number of authorized shares by a specified ratio; it does not decrease retained earnings.

is stock that has specified rights over common stock.

is the feature of preferred stock that grants priority on preferred dividends over common dividends.

is the preferred stock feature that requires specified current dividends not paid in full to accumulate for every year in which they are not paid. These cumulative preferred dividends must be paid before any common dividends can be paid.

are dividends on cumulative preferred stock that have not been declared in prior years.

are investments in debt securitites that management has the intent and ablility to hold until maturity.

reports investments in debt securities held to maturity at cost minus any premium or plus any discount.

is used to report securities at their current market value (the amount that would be received in an orderly sale).

are amounts associated with price changes of securities that are currently held.

are all investments in stocks or bonds held primarily for the purpose of active trading (buying and selling) in the near future (classified as short term).

are all passive investments other than trading securities and debt held to maturity (classified as short or long term).

is used when an investor can exert significant influence over an affiliate; the method permits recording the investor's share of the affiliate's income.

are investments in stock held for the purpose of influencing the operating and financing strategies of the entity for the long term.

Any resource owned that provides future economic benefit.

any debt or obligation of a business.

an inflow of assets in exchange for goods or services provided.

the cost of goods or services consumed in the production of revenue.