BMGT 220 Study Guide - Final Guide: Finished Good, Opportunity Cost, Contribution Margin
Document Summary
Incorporation: forming of new corporation by signing gov"s charter application. Pre-emptive right: right to maintain proportional interest when new stock issued. Capital stock: any shares issued to obtain capital (owner financing) Organizational expenses: costs to organize corporation, amt paid for charter, legal/promoter"s fees. Paid-in cap in excess of par val, common stock. Stock dividend: distribute shares of corporation"s own stock to stockholder"s w/o receipt of payment. Date of (% * shares * market) retained earnings. Declaration (% * shares * par) common dividend distributable. Paid in cap in xess of par val, common stock. Stock split: distribution of additional shares to stockholders according to % ownership. 100,000 shares outstanding, par val, market. Preferred stock: special senior rights, get dividends first but doesn"t ensure. 1000 shares * par * 9% preferred stock: 9,000 in dividends per year. Cumulative: right to be paid @ current period + all prior periods unpaid dividends.