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A stock certificate is a legal document that certifies the legal interest (a bundle of several legal rights) of ownership of a specific number of shares (or, under Article 8 of the Uniform Commercial Code, a securities entitlement or pro rata share of a fungible bulk) or stock in a corporation. [ 1] The first such instruments were used in the ...
Participating preferred stock 2. Private corporation 11. Cumulative preferred stock 3. Close corporation 12. Callable preferred stock 4. Nonprofit corporation 13. Book equity 5. Continuity of existence 14. Authorized stock 6. Stockholder 15. Issued stock 7. Board of Directors 16. Outstanding stock 8. Paid-in-capital 17. Organization costs 9 ...
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. [1] It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization ...
book, stock certificate book, capital stock transfer journal, and stockholder ledger; 6. record organization cost; 7. record the transactions of the purchase of a business by a. corporation when purchasing the goodwill of a business, and purchasing the business that has goodwill; 3. record in the general journal and cash receipts journal
The concept of " two sets of books " refers to the practice of keeping two sets of accounting ledgers ("books"). In colloquial terms, this practice may refer to fraudulent behavior, i.e. attempting to hide or disguise financial transactions from outsiders by having a falsified set of records for official use and another for internal recordkeeping.
The short answer is no, if stock certificates get lost you don’t lose your shares as well. You’re still the owner of those shares and are accorded the rights that go along with ownership. If ...
Vouching is a technical term that refers to the inspection of documentary evidence supporting and substantiating a financial transaction, by an auditor. It is the essence of auditing [1] Vouching is the practice followed in an audit, with the objective of establishing the authenticity of the transactions recorded in the primary books of account.
book II. was designed to serve as a vehicle for program. cost accounting at the local and intermediate levels. This need still. exists, but additional needs have. appeared. Financial Accounting. addrcsses those needs. NCES's Role in Developing Education Data Systems. NCES has a responsibility to provide and interpret
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