MGMT 30A Lecture Notes - Lecture 19: American Cancer Society, Retained Earnings, Tokyo Stock Exchange
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Document Summary
Management 30a lecture 10: reporting & analyzing stockholders" equity. Understanding the business: the acquisition of assets and payments for goods and services is financed from. Corporations: debt , equity , a corporation b. two sources: debt & equity. : funds from owners (contributed capital & retained earnings) Is an entity separate and distinct from its owners. Corporation management: disadvantageous characteristics that distinguish corporations from proprietorships & partnerships: Initial steps: file application with the secretary of state, state grants charter, corporation develops by-laws, companies generally incorporate in a state whose laws are favorable to the corporate, corporations engaged in interstate commerce must obtain a license . From each state in form of business which they do business. Stockholder rights: stockholders have the right to vote that require stockholder approval as well as to share receipt of dividends. In the election of board of directors and on actions.
