US Legal Forms - one of several largest libraries of legal forms in the United States - delivers an array of legal document web templates it is possible to acquire or printing. Using the internet site, you can get thousands of forms for enterprise and individual reasons, categorized by categories, says, or keywords and phrases.You can find the newest types of forms much like the Kansas Proposal to decrease authorized common and preferred stock within minutes.
If you already possess a subscription, log in and acquire Kansas Proposal to decrease authorized common and preferred stock in the US Legal Forms library. The Obtain button will appear on each and every kind you look at. You have access to all in the past downloaded forms within the My Forms tab of your own accounts.
If you want to use US Legal Forms initially, listed here are easy guidelines to get you started:
Each and every format you included in your bank account does not have an expiration particular date and is your own forever. So, if you wish to acquire or printing yet another duplicate, just visit the My Forms section and click on the kind you will need.
Get access to the Kansas Proposal to decrease authorized common and preferred stock with US Legal Forms, by far the most comprehensive library of legal document web templates. Use thousands of specialist and state-certain web templates that fulfill your company or individual needs and demands.
Upon issuance, common stock is generally recorded at its fair value, which is typically the amount of proceeds received. Those proceeds are allocated first to the par value of the shares (if any), with any excess over par value allocated to additional paid-in capital.
Preferred stock is issued with a par value, often $25 per share, and dividends are then paid based on a percentage of that par. For example, if a preferred stock is issued with a par value of $25 and an 8 percent annual dividend, this means the dividend payment will be $2 per share.
The amount received from issuing preferred stock is reported on the balance sheet within the stockholders' equity section. Only the annual preferred dividend is reported on the income statement.
The issuance of preferred stock is accounted for in the same way as common stock. Par value, though, often serves as the basis for specified dividend payments. Thus, the par value listed for a preferred share frequently approximates fair value.
The issuance of preferred stock is accounted for in the same way as common stock. Par value, though, often serves as the basis for specified dividend payments. Thus, the par value listed for a preferred share frequently approximates fair value. 16.3 Issuing and Accounting for Preferred Stock and Treasury Stock umn.edu ? financialaccounting ? chapter umn.edu ? financialaccounting ? chapter