Examlex
The "flush" in backflush refers to the fact that there are no variances in a backflush costing system using standard costs.
Common Stock
Common stock is a form of corporate equity ownership, a type of security representing an ownership interest in a corporation.
Par
The face value of a bond or the stock value stated on the certificate, unrelated to its market value.
State Charter
A legal document issued by a state that grants rights, privileges, and operating terms to a corporation.
Authorized Stock
This refers to the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.
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