Reference no: EM132802478
Question 1: Define the term "liabilities". Be sure to include the three crucial factors/characteristics of liabilities.
Question 2: What is capital stock, and on which financial statement would you find information about it?
Question 3: What is the difference between common stock and preferred stock?
Question 4: What is the difference between "authorized stock" and "issued and outstanding stock?"
Question 5: What is the difference between par value stock and nonpar value stock?
Question 6: What is meant when stock is issued at par? At a Premium? And at a Discount?
Question 7: What is the difference between a stock dividend and a stock split?
Question 8: What is the difference between cumulative preferred stocks and noncumulative preferred stocks?
Question 9: What is a cash dividend?
Question 10: What are the Journal entries for declaring and subsequently paying a dividend?