1. Unit 18
December 5, 2018

2. Business Ownership Proprietorships Partnerships Corporations
Limited Liability Company (LLC)
Limited Liability Partnership (LLP)
CLOSELY-HELD CORPORATION
PUBLIC COMPANY
LIMITED LIABILITY
CONTINUITY
TRANSFERABILITY OF OWNERSHIP
MANAGEMENT STRUCTURE
REGULATIONS
DOUBLE TAXATION OF EARNINGS

3. Business Ownership
Proprietorships
Partnerships
Corporations

4. Business Ownership
Proprietorships
Partnerships
Corporations

5. Business Ownership Proprietorships Partnerships Corporations
Shares Authorized
Shares Issued
Treasury Stock
Shares Outstanding

6. Business Ownership Proprietorships Partnerships Corporations
COMMON STOCK
PREFERRED STOCK
Preference with regard to leftover assets in case of liquidation
Preference with regard to dividends
Participating vs. Non-Participating
Cumulative vs. Non-cumulative
Dividends in arrears

7. Business Ownership Proprietorships Partnerships Corporations Par Value
COMMON STOCK
PREFERRED STOCK
Par Value
$100/share
Additional Paid-In Capital
$30/share

9. Dividends Declaration Date Date of Record Payment Date Stock Dividends
Record Distribution and Dividends Payable
Clear the Payable and distribute the Cash
$100 par value, $130 per share on the market
Stock Dividends

10. Stock Split Does not affect ANY of the financial statements.
Simply changes the number of shares outstanding.
Alters the par value of the shares outstanding.
1000 shares outstanding, $100 par value per share
Two-for-One Stock Split
2000 shares outstanding, $ 50 par value per share

11. Other Terms BOOK VALUE PER SHARE Total Equity / Shares Outstanding
MARKET VALUE PER SHARE
Closing price on the stock market
MARKET CAPITALIZATION
Market Price x Shares Outstanding
MARKET CAP
EARNINGS PER SHARE
Net Income / Shares Outstanding

15. Bradford Corporation

21. APPLE, Inc.

24. APPLE, Inc.

26. APPLE, Inc.