Class Notes (836,148)
Canada (509,657)
Brock University (12,091)
Accounting (274)
ACTG 1P12 (42)
Lecture

Chapter 9 Notes.docx

6 Pages
128 Views
Unlock Document

Department
Accounting
Course
ACTG 1P12
Professor
Norman Chasse
Semester
Winter

Description
Equity2 parts to Shareholders Equitycorporations o Capital stock o RIEShare Capital o Amount invested in the corporation by the owners o Also called paidincapitalAuthorized Shares o Max amount of shares that can be issued by the company o As per Articles of Incorporation or Corporate CharterIssued Shares o All shares issued sold by either the company or held by shareholders or the company itself o Treasury SharesOutstanding SharesTreasury Sharesstocko Issued shares held by the company ie it repurchased on open marketOutstanding shares o Shares that are issued that are being held by shareholdersShare ClassesCommon Shares o All companies must have at least one class of shares called common shares o FeaturesVoting rightsthe right to elect members of the Board of DirectorsResidual rightsright to the residual assets of the company upon its dissolutionPreemptive Rightsright to purchase any new share issuances to maintain ownership percentageRight to share in the profits of the company payment of dividendsPreferred Shares o Special class of shares that give the shareholders first claim to any dividends paid out by the company o They are generally nonvoting shares Par Value an arbitrary dollar value assigned to and printed on a sharefor preferred shares often serves as basis to calculate dividend per share eg 2 10 per shares020
More Less

Related notes for ACTG 1P12

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit