Examlex
-The above table gives the initial balance sheet for Mini Bank. Mini Bank?s balance sheet is such that it will make
Paid-in Capital
The sum of funds a business has obtained from its stockholders by selling them stock shares.
Par Value
A nominal value assigned to a share of stock in the charter of a corporation, which does not necessarily reflect its market value.
Common Stock
Equity securities representing ownership in a corporation, providing voting rights, and a dividend claim on earnings.
Cumulative Nonparticipating Preferred Stock
Preferred stock that accumulates unpaid dividends, which must be paid out before dividends can be distributed to common stockholders, but does not participate beyond the fixed dividend.
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