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ACC-201 Exam 3 Flashcards _ (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED.pdf
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ACC-201 Exam 3 Flashcards _ (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED.pdf
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8/5/24, 8:34 AMACC-201 Exam 3
Jeremiah
Terms in this set (17)
Authorized Shares The maximum number of shares a corporation may issue as
the total number of shares of common and preferred stock that are owned and held by
Outstanding shares
stockholders (not treasury stock)
issued shares that have been reacquired by the corporation
Treasury Shares No voting or Dividend rights
Contra Stockholder Equity
Issued Shares The total of all outstanding and treasury shares
Shares in a company that allow the holder to have voting rights on major issues,
Common stock
ultimate risk/reward, and no guarantees of dividends
Preferred Stock Share in a company that has no major issue voting rights, and has fixed dividends
The sum of all stock transactions within a company: common stock, preferred stock,
Contributed Capital
and treasury stock
Date or Declaration The date a company approves a dividend
The date a company prepares a list of stockholders that will receive the dividend. (no
Date of Record
journal entry made)
Date of payment The date the cash dividend is paid
The portion of corporate profits paid out to stockholders for holding on to stock.
Dividend
Direct reduction of retained earnings
Current Liabilities Accounts payable , Accrued Liabilities, Unearned revenue
Long-term liabilities notes payable, contingent liabilities, leases
what is A/P turnover How efficiently a company can pay off its outstanding payables
What values all mean the ending value of a Face, Par, Principal, Maturity
bond
What values all mean interest rate being paid Coupon, Stated, Nominal
to the bondholders and is written on the
ACC-201 Exam 3
bond
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