对外经贸会计专业英语chap.pptxVIP

;Existence is separate from owners.;Limited personal liability for stockholders.;Heavy taxation.;Publicly Owned Corporations Face Different Rules;The costs associated with incorporation are usually expensed immediately, but amortized over 5 years for tax purposes.;Stockholders;Ultimate control;Ultimate control;Each unit of ownership is called a share of stock. A stock certificate serves as proof that a stockholder has purchased shares.;When the stock is sold, the stockholder signs a transfer endorsement on the back of the stock certificate.;;;Stockholders’ Equity of a Corporation;;;;Par value