AA chapter 9 vocabulary

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Information about AA chapter 9 vocabulary

Published on March 6, 2008

Author: smcdill

Source: authorstream.com

Automated Accounting :  Automated Accounting Chapter 9 vocabulary corporation:  corporation An organization that has many of the legal rights of an individual but is owned by many people Shares of stock :  Shares of stock Units that represent the ownership of a corporation Capital stock:  Capital stock The total shares of ownership in a corporation shareholders:  shareholders Owners of stock Board of directors:  Board of directors A group elected by shareholders to manage a corporation dividends:  dividends Earnings distributed to shareholders Retained earnings:  Retained earnings Earnings not yet distributed to shareholders Declaring a dividend:  Declaring a dividend The decision by the board of directors to distribute earnings to the shareholders Corporate income tax:  Corporate income tax The tax that corporations are required to pay on actual earnings

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