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Chapter 13

Teacher: Ralph Mendez
Across
Debit balance in the retained earnings account.
The maximum number of shares of stock that the corporate charter allows the corporation to issue.
Stock that has been issued but may or may not be held by stockholders.
The price the stock initially sells for the first time it is sold
(EPS) Amount of a company's net income (loss) for each share of its outstanding common stock. (net income-preferred dividend)/weighted average number of common shares outstanding.
A corporations equity that includes paid-in capital and retained earnings.
An entry in the journal that notes a significant event, but has no debit or credit amount.
Represents the individuals ownership of the corporation capital.
Preferred stock whose owners must receive all dividends in arrears plus the current year dividend before the corporation pays dividends to the common stockholders.
Capital earned by profitable operations of a corporation that is not distributed to stockholders.
The portion of stockholders equity that cannot be used for dividends.
The amount above par at which a stock is issued.
A distribution by a corporation of its own stock to its stockholders.
An increase in the number of issued and outstanding shares of stock coupled with a proportionate reduction in the par value of the stock.
Down
The amount below par at which a stock is issued.
A distribution of a corporations earnings to stockholders.
Represents the basic ownership of a corporation
A correction to retained earnings for an error of an earlier period.
A stock dividend of less than 20% to 25% of the issued and outstanding stock.
Paper evidence of ownership in a corporation.
An amount assigned by a company to a share of its stock.