Business Administration 1220E Study Guide - Midterm Guide: Intangible Asset, Preferred Stock, Controlling Interest

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Business Administration 1220E Full Course Notes
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Business Administration 1220E Full Course Notes
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Document Summary

Asset: valuable/economic resource that will provide a future benefit. Liabilities: obligations to repay money/to provide a service in the future. Owner"s equity: money provided by owners to their company. Equity: amount of $ invested by shareholders into a company. Capital stock: shares of ownership in a public or private company. Bonds: they represent debt obligations, a form of borrowing those who buy bonds are temporarily lending their money to the issuers. Face value: for bonds: amount paid to the holder at the maturity date, for stocks, it is the original cost shown on the certificate. Market value: the amount for which something can be sold on a given market, the price at which an asset would trade in a competitive auction setting. Common stock: most common type of stock issued by companies. Shareholders get the profits through dividends or capital appreciation, and have voting rights. Have a higher return and risk than preferred stock.