MGAB02H3 Chapter 11: Chapter 11 Notes
Document Summary
Chapter 11 reporting and analyzing shareholders" equity notes. N may be classified in variety of ways two common classifications are by purpose and by ownership; corporation may be corporation organized as separate legal entity, with most of rights and privileges of person; shares are evidence of ownership. N www. notesolution. com this rate is much lower than the tax rate for the same amount of income earned by an individual shareholders of corporation do not pay tax on corporate earnings until earnings are distributed to them as dividends. N when corporation has only one class of shares, that class has rights and privileges of common shares. N each common share gives the shareholder the following ownership rights: vote. Shareholders have the right to vote on certain matters, such as the election of the board of directors and appointment of external auditors. Each shareholder normally has one vote for each common share owned: dividends.
