ACC 102 Lecture Notes - Lecture 11: Treasury Stock, Dividend Policy, Regional Policy Of The European Union
Document Summary
Identity and explain the management issues relating to contributed capital. Account for the issuance of stock for cash and other assets. Objective 1: identify and explain the management issues related to contributed capital. A business unit chartered by the state and legally separate from its owners (stockholders) Corporations dominate the economy in total dollars of assets and output of goods and services. Even though sole proprietorships and partnerships outnumber corporation in the u. s. New funds are raised by issuing bonds, new common stock, and preferred stock. Become the contract between the state and the incorporators. Authorize the company to do business as a corporation. Officers carry out corporate policy and manage the business. Authorized number of share that the corporation may issue based on the articles of incorporation. Outstanding number of shares held by stockholders. Authorized stock the maximum number of shares a corporation is allowed to issue.
