Chapter 20 accounting

A corporation, often owned by a few people or by a family that does not offer its stock for sale to the general public

• Family owned Corp

• Close Held Corp

• Private Corp

• Public Held Corp

A corporation who's stock is widely held, has a large market, and is usually traded on a stock exchange

• Family Owned Corp

• Close Held Corp

• Private Corp

• Public Held Corp

A group of people elected by stockholders, who govern and are responsible for the affairs of a corporation

• Board of Govenors

• Board of Producers

• Board of Consumers

• Board of Directors

The maximum number of shares a corporation may issue

• Authorized Capital Stock

• Authorized Stockholders Equity

• Authorized Retained Earnings

• Authorized Operating Expenses

The dollar amount assigned to each share of stock before it is sold to the public used to determine to the capital stock account.

• Par Value

• Sub Value

• Below Value

• Above Value

The stock issued by a corporation when it issues only one class of stock

• Average stock

• Paid Stock

• Private Stock

• Common Stock

A document that transfers a stockholders voting rights to someone else

• Proxy

• Deed

• Will

• Contract