What is stockholders equity?
Stockholders' equity. includes retained earnings and paid-in capital. The state charter allows a corporation to issue only a certain number of shares of each class of stock. This amount of stock is called. authorized stock.
What happens when no par stock is issued?
When no-par common stock with a stated value is issued for cash, the common stock account is credited for an amount equal to the cash proceeds. The par value of common stock must always be equal to its market value on the date the stock is issued.
What is authorized stock?
includes retained earnings and paid-in capital. The state charter allows a corporation to issue only a certain number of shares of each class of stock. This amount of stock is called. authorized stock.
What are the disadvantages of corporate form?
One of the main disadvantages of the corporate form is the. double taxation of dividends. If common stock is issued for an amount greater than par value, the excess should be credited to.
