Acc 291 Week 3 Team Reflection
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Acc 291 Week 3 Team Reflection
Week 3 Team Reflection
ACC/291- Principles of Accounting
Week 3 Team Reflection
The issuance of different stocks by corporations is a topic that we are getting a better understanding of through reading the text and studying the Wiley plus texts. Authorized stock is the amount of stock that a corporation is authorized to sell as indicated in its charter, and within that broad spectrum are many different kinds of stock that the corporation can chose to sell. Examples of those stocks are par-value stock and no-par value stock. A par value stock is capital stock that has been assigned a value per share in the corporate charter, and a no par value stock is stock that has not been given a value. Preferred stock is capital stock that has some contractual...