Define and then describe the major differences between authorized shares, issued shares, outstanding shares, and treasury stock.

ASSIGNMENT

Using the textbook and the PowerPoint slides, answer the following:

Name five other terms for Owners’ Equity.

What are the two types of equity?

Define and then describe the major differences between common stock and preferred stock.

Describe the major similarities and differences between preferred stock and bonds payable.

Define and then describe the major differences between authorized shares, issued shares, outstanding shares, and treasury stock.

Define the following terms:

Retained earnings

Stock split

Stock dividend

Cash dividend

Par value