What is a corporation's own stock?
A corporation's own stock that has been issued and subsequently reacquired from shareholders by the corporation but not retired. Kunkel Corporation reports net income of $450,000.
What is a private corporation with few stockholders?
A corporation that has only a few stockholders and whose stock is not available for sale to the general public. A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities exchange. Net income that is retained in the corporation for future use.
Can a privately held corporation sell stock to the general public?
A privately held corporation does not offer its stock for sale to the general public. a. the president of the corporation. b. the board of directors. c. the treasurer of the corporation.
Is Jackson company publicly traded?
Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $200,000.
What is regular traded?
Regularly traded. Regularly traded -. (1) General rule. For purposes of paragraph (a) (1) of this section, a class of stock that is traded on one or more qualified exchanges or other markets, as defined in paragraph (c) of this section, is regularly traded on such exchanges or markets for any calendar year during which such class ...
What is qualified exchange?
(i) A national securities exchange that is registered with the Securities and Exchange Commission or the national market system established pursuant to section 11A of the Securities Exchange Act of 1934 (15 U.S.C. 78f); or.
Is a foreign exchange a separate exchange?
If an exchange in a foreign country has more than one tier or market level on which stock may be separately listed or traded, each such tier shall be treated as a separate exchange. (d) Stock in certain PFICs -. (1) General rule.
What is capital stock?
Capital stock that has some preferences over common stock. A corporation that has only a few stockholders and whose stock is not available for sale to the general public. A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities exchange.
Can a corporation issue more shares than it is authorized in its charter?
A corporation can issue more shares than it is authorized in its charter, if the board of directors approves of an increase in the number of authorized shares. As soon as a corporation is authorized to issue stock, an accounting journal entry should be made recording the total value of the shares authorized.
