Intermediate Accounting 13 Contributed Ca Basic terminology Subscribed capital Issued capital Al stock--The 1 number of shares Treasury stock-- n of capital stock he number of k that a corporation shares of capital th will issue upon the stock that a ion Its mi completion of an corporation has of installment ssued to its purchase contract ng stockholders and with an investor. I has reacquired but Dee not retired
Basic Terminology Authorized capital stock—The number of shares of capital stock that a corporation may issue as stated in its charter. Issued capital stock—The number of shares of capital stock that a corporation has issued to its stockholders as of a specific date. Outstanding capital stock—The number of shares of capital stock that a corporation has issued to its stockholders and that are still being held by them on a specific date. Treasury stock— The number of shares of capital stock that a corporation has issued to its stockholders and has reacquired but not retired. Subscribed capital stock—The number of shares of capital stock that a corporation will issue upon the completion of an installment purchase contract with an investor. Intermediate Accounting 13 Contributed Capital
Intermediate Accounting 13 Contributed Ca Basic terminology Issued Capital Stock Outstanding capital stock treasury stock Authorized Capital stock Unissued Capital Stock Subscribed capital stock
Authorized Capital Stock Issued Capital Stock * Outstanding capital stock * Treasury stock Unissued Capital Stock * Subscribed capital stock Intermediate Accounting 13 Contributed Capital Basic Terminology
Intermediate Accounting 13 Contributed Ca Legal capital Legal capital is the amount of stockholders'equity that the corporation cannot distribute to stockholders
Legal Capital Legal capital is the amount of stockholders’ equity that the corporation cannot distribute to stockholders. Intermediate Accounting 13 Contributed Capital
Intermediate Accounting 13 Contributed Ca 3. Issuance of Capital stock When only one class of stock is issued it is referred to as common stock
3. Issuance of Capital Stock When only one class of stock is issued, it is referred to as common stock. Intermediate Accounting 13 Contributed Capital
Intermediate Accounting 13 Contributed Ca Issuance of Capital stock A corporation issues 500 shares of its $10 par common stock for $18 Cash 9.000 Common Stock, $10 par 5.000 Additional Paid-in Capital on Common stock 4.000
Issuance of Capital Stock A corporation issues 500 shares of its $10 par common stock for $18. Cash 9,000 Common Stock, $10 par 5,000 Additional Paid-in Capital on Common Stock 4,000 Intermediate Accounting 13 Contributed Capital