1. Define and differentiate the terms authorized stock, issued stock, treasury stock, and outstanding stock. 2. Know the type of shares counted in the number of shares of issued stock. 3. Record the entry to declare dividends. 4. Know the account that regular dividends are declared from. 5. Define dividends in arrears on cumulative preferred stock. 6. Know the formula to calculate return on common stockholders' equity. 7. Define par value and identify the account used to record the excess received in a stock issuance over the par value. 8. Determine the ratio in a stock split (eg. 2-for-1). 9. Know the characteristics, advantages, and disadvantages of the corporate form of business organization. 10. Know the group that stockholders directly elect. 11. Know the group that is the most responsible for the major policies of the corporation. 12. Know the requirements for paying cash dividends. 13. Understand Authorized Issued, and Outstanding Stock 14. Treasury Stock 15. Explain the different dates for dividends, Declaration, date of record and Payment 16. JE Entries for Dividends 17. Dividends in Arrears on Preferred Stock 18. Compute return on common stockholders' equity 19. Calculate a stock split, 2 for 1 or 3 for 1 20. Characteristic of a Corporation 21. Role of Stockholders and Board of Directors 22. What is Par Value 23. Requirements to pay a dividends