Chapter 11 Weekly Discussion

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Q Chapter 11 - Weekly Discussion 1. Explain the difference between authorized shares and outstanding shares. 2. What is the difference between cumulative preferred shares and non-cumulative preferred shares? Which situation could have dividends in arrears? RUBRIC: **5 points are awarded for a post that correctly and the answer with proper punctuation and grammar. This post is typically is a full paragraph with at least 5-8 sentences. **3 points are awarded for a post that is "mostly" correct and complete with proper punctuation and grammar. This post is typically close to a full paragraph with at least 3-5 sentences. **1 point is awarded for a post that is incorrect and/or incomplete. **0 points are awarded to those that do not answer the question

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Authorized shares are the number of shares a corporation’s charter allows it to sell. The number of authorized shares usually exceeds the number of shares issued (and outstanding) by a large amount. Outstanding shares are the shares held by stockholders. Cumulative preferred stock gives its owners a right to be paid both the current and all prior periods’ unpaid dividends before any dividend is paid to common stockholders. Whereas non-cumulative stock does not have rights to prior periods’ unpaid dividends if they were not declared in those periods.

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