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Lecture 2

ACC 212 Lecture 2: ACC 212 Final Guide Part 1

by OneClass1172958 , Winter 2015
3 Pages
99 Views
Winter 2015

Department
Accounting
Course Code
ACC 212
Professor
Stovall
Lecture
2

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Stock
Common Stock
- Voting rights
- Establish rules (corporation)
- Limited numbers of shares
1. Authorized Shares: max number of shares a corp. can issue
2. Issued Shares: numbers of shares sold and distributed
3. Outstanding Shares: numbers of shares issued – numbers of treasury stock
- Stocks repurchased back by corp. is NOT O/S
Par Value: price of legal fulfillment process for issuing stock
- Not an actual value of stock
-Stated Value: states requiring to put par value to indicate
- Presented in stock account
Preferred Stock
- Preference to dividends declared by the corp.
- Receive dividends or nay other assets first before Common Stock
-Dividend Rate Types:
1. % of stock’s Par Value
2. Per share amount
- Lower risk than Common Stock
- Terms and features of Preferred Stock
1. Convertible: can change to Common Stock
2. Redeemable: can sell back stock
3. Callable: eliminable stock
4. Cumulative: can request for dividends at any time
5. Participating: share dividend back to corp.
Treasury Stock
- Buy its own stock  treasury stock
- Must be corp.’s own stock
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Description
Stock  Common Stock - Voting rights - Establish rules (corporation) - Limited numbers of shares 1. Authorized Shares: max number of shares a corp. can issue 2. Issued Shares: numbers of shares sold and distributed 3. Outstanding Shares: numbers of shares issued – numbers of treasury stock - Stocks repurchased back by corp. is NOT O/S  Par Value: price of legal fulfillment process for issuing stock - Not an actual value of stock - Stated Value: states requiring to put par value to indicate - Presented in stock account  Preferred Stock - Preference to dividends declared by the corp. - Receive dividends or nay other assets first before Common Stock - Dividend Rate Types: 1. % of stock’s Par Value 2. Per share amount - Lower risk than Common Stock - Terms and features of Preferred Stock 1. Convertible: can change to Common Stock 2. Redeemable: can sell back stock 3. Callable: eliminable stock 4. Cumulative: can request for dividends at any time 5. Participating: share dividend back to corp.  Treasury Stock - Buy its own stock  treasury stock - Must be corp.’s own stock - Must have been repurchased - Must NOT be retired (not outstanding & NO voting rights) - Reasons of Treasury Stock Purchase: 1. To have stock available to distribute to employees for bonuses or benefit plan or employees 2. To maintain favorable market price for stock or to improve
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