"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 21

This list focuses on accounting for publicly held corporations (Unit 4, Chapter 21).

Here are links to all the chapters of Unit 4, The Accounting Cycle for a Merchandising Corporation: Chapter 14, Chapter 15, Chapter 16, Chapter 17, Chapter 18, Chapter 19, Chapter 20, Chapter 21

Here are links to all the units of the first-year accounting textbook published by McGraw-Hill: Unit 1, Unit 2, Unit 3, Unit 4, Unit 5, Unit 6, Appendixes
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Full list of words from this list:

words only definitions & notes
  1. corporation
    a business firm recognized by law as a single body
  2. authorize
    grant permission or clearance for
  3. maximum
    the largest possible quantity
  4. capital
    assets available for use in the production of further assets
  5. stock
    capital raised by a corporation through the issue of shares
  6. par
    a state of being essentially equal or equivalent
  7. value
    a numerical quantity measured or assigned or computed
  8. proxy
    document by shareholders authorizing a vote on their behalf
  9. preferred
    more desirable than another
  10. privilege
    a special advantage or benefit not enjoyed by all
  11. excess
    a quantity much larger than is needed
  12. dividend
    earnings of a corporation distributed to its shareholders
  13. stockholder
    someone who holds shares of stock in a corporation
  14. equity
    the ownership interest of shareholders in a corporation
  15. entity
    that which is perceived to have its own distinct existence
  16. distribute
    give to several people
  17. contrast
    put in opposition to show or emphasize differences
Created on Wed Oct 19 17:13:51 EDT 2016 (updated Fri Oct 21 17:38:11 EDT 2016)

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