ACCT 202 Chapter Notes - Chapter 11: Dividend, Legal Personality, Preferred Stock

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The number of shares issued * par value per share in the common stock account. The remainder is assigned to paid-in capital in excess of par value, The number of shared issued * the par value per share in the comon stock account. The remainder is assigned to paid-in capital in excess of par, common. To pay a cash dividend, the corporation must have: Date of payment (record payment of cash to stockholder) Shared of its own stock to its stockholders without receiving any payment in return. Can be used to keep the market price of the stock affordable. Can provide evidence of mgmt"s confidence that the company is doing well. Shares of stock to stockholders according to their ownership percentage. When this occurs the corp calls in the outstanding shares and issues new shares of stock. In this process the par value of the stock changes. A separated class of stock, typically having priority over common shares in .

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