Chapter 9 Advanced Accounting Vocab

Front

A place where stocks are traded.

Back

stock exchange

Front

Value assigned to stock by board.

Back

stated value

Front

Shares of ownership in a corporation.

Back

stock

Front

Govern the affairs of a corporation.

Back

Board of Directors

Front

Corporate earnings taxed at both corporate and stockholder levels.

Back

double taxation

Front

Introduction of a corporation's stock to the market.

Back

IPO

Front

Corporate earnings distributed to stockholders.

Back

dividends

Front

Corporation issues 1 type of capital stock.

Back

common stock

Front

Shares sold to stockholders.

Back

issued shares

Front

No value on certificate.

Back

no par stock