Slide 11-11 Functions of the Corporate Officers Corporate Organization Chart Contractual and legal representation Stockholders Custodian of Chief funds Accountant Board of directors President Secretary Treasurer ControllerOther Vice Presidents Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999
?The McGraw-Hill Companies, Inc., 1999 Slide 11-11 Irwin/McGraw-Hill Corporate Organization Chart Secretary Treasurer Controller Other Vice Presidents President Board of Directors Stockholders Functions of the Corporate Officers Chief Accountant Contractual and legal representation Custodian of funds
Slide 11-12 Authorization and issuance of Capital stock Authorized Shares The maximum number of shares of capital stock that can be sold to the public Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc,, 1999
?The McGraw-Hill Companies, Inc., 1999 Slide 11-12 Irwin/McGraw-Hill Authorization and Issuance of Capital Stock The maximum number of shares of capital stock that can be sold to the public. Authorized Shares
Slide 11-13 Authorization and issuance of Capital stock Authorized Shares Issued Unissued shares are shares are authorized authorized shares of shares of Usually stock that stock that shares are have been never have sold sold been sold through an underwriter Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc,, 1999
?The McGraw-Hill Companies, Inc., 1999 Slide 11-13 Irwin/McGraw-Hill Authorized Shares Issued shares are authorized shares of stock that have been sold. Unissued shares are authorized shares of stock that never have been sold. Usually shares are sold through an underwriter. Authorization and Issuance of Capital Stock
Slide 11-14 Authorization and issuance of Capital Stock Authorized Outstanding shares are Shares issued shares that are owned by stockholders Outstanding Unissued Issued Shares Shares Shares Treasury Treasury shares are issued shares that have Shares been reacquired by the corporation Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999
?The McGraw-Hill Companies, Inc., 1999 Slide 11-14 Irwin/McGraw-Hill Unissued Shares Treasury Shares Outstanding Shares Treasury shares are issued shares that have been reacquired by the corporation. Issued Shares Outstanding shares are issued shares that are owned by stockholders. Authorized Shares Authorization and Issuance of Capital Stock
Slide 11-15 Paid-In Capital of a Corporation Stockholders equity is increased in two ways Contributions by Retention of profits investors in exchange earned by the for capital stock corporation Paid-in Capital Retained Earnings Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999
?The McGraw-Hill Companies, Inc., 1999 Slide 11-15 Irwin/McGraw-Hill Paid-In Capital of a Corporation Paid-in Capital Contributions by investors in exchange for capital stock. Retained Earnings Retention of profits earned by the corporation. Stockholders' equity is increased in two ways