1. Preferred Shares is the type of share that gives the holder priority in receiving dividends.
2. The internal government rules observed by corporations are called Bylaws
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4. Discount on share capital is the account title used when the shares are sold at less than
par value.
5. Ordinary share is the type of share which gives the holder the right to vote
6. Transaction costs directly attributable to the issuance of new shares are known as share
issuance costs, and are debited to share premium arising from the share issuance.
7. Cost of listing shares is treated as expense in the period incurred.
8. Redeemable preference shares are those that may be redeemed at the option of the holder
(Redeemable)
9. A share certificate will be issued only if the subscription has been fully paid
10. Share is the term used to represent the interest of a shareholder in the corporation
11. The IAS term for Revaluation surplus is Revaluation reserve
12. No entry is made to record the authorized share capital when we use the Memorandum
method of accounting for share capital.
13. Convertible preference shares are those that may be exchanged for ordinary shares.
(Callable)
14. Share Capital is the portion of the paid-in capital representing the total par or stated value
of the shares issued.
15.Capital stock is the amount fixed in the articles of incorporation.
16. Joint costs can be incurred by the concurrent listing and issuance of the new shares and
listing of existing shares.
17. The aggregate par value of the shares issued and subscribed is the amount of legal capital
18. Callable preference shares are those that may be redeemed at the option of the issuing
entity.
19. This is the record of the names of shareholders, the number of shares they own, and
milestone dates related to payments and transfers of shares, among others stock and transfer
book
20. These represent costs incurred while forming the corporation Organization cost
21. The minimum number of persons required to form a corporation based on the revised
corporation code is one
22. A no par share shall not be issued for a consideration less than its minimum consideration
23. The term used to describe the corporators of a non-stock corporation. Members
24. The highest bidder is the person who is willing to pay the offer price of the delinquent
shares for the smallest number of shares.