corporation:
corporation An organization that has many of the legal rights of an individual but is owned by many people
Shares of stock :
Shares of stock Units that represent the ownership of a corporation
Capital stock:
Capital stock The total shares of ownership in a corporation
shareholders:
shareholders Owners of stock
Board of directors:
Board of directors A group elected by shareholders to manage a corporation
dividends:
dividends Earnings distributed to shareholders
Retained earnings:
Retained earnings Earnings not yet distributed to shareholders
Declaring a dividend:
Declaring a dividend The decision by the board of directors to distribute earnings to the shareholders
Corporate income tax:
Corporate income tax The tax that corporations are required to pay on actual earnings