Safety Fundamentals; Corporation Organization and Accounting. Traffic Management

Safety Fundamentals; Corporation Organization and Accounting. Traffic Management

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...made out in his own name. Stock that has been donated back to the company as just explained is also called donated stock, and when it is given to others free of charge it is known as bonus stock. 22. Watered stock is a term that is freely used nowadays, and refers to stock issued as fully paid-up when in fact the whole amount of the par value thereof has not been paid in. Indeed, any stock that has been issued without having full values to support it or without full payment having been made therefor in money, property, labor, or services is termed watered stock, or inflated stock. In other words, the par value is not fully represented by actual or tangible assets. For example, a company may be incorporated with a capital stock of $100,000, all of which is issued full-paid for some piece of property that is not worth more than one-half that amount, notwithstanding the fact that the valuation thereof is placed at $100,000. This stock is therefore watered, or inflated, to the extent of $50,000, and its actual value, in case the company continues to operate successfully, is only $50 per share; if the company does not succeed, the shares will drop in value even lower than the 50 per cent. represented. Stock is often issued in payment for patents, trade marks, good will, etc., which are inflated in value to such an extent as to make the stock issued therefor practically valueless, but there are often cases in going concerns where the good will is highly valuable and in exchange for which the stock of a company may wisely be given. The fact that a business has been in existence for several years and has won the confidence of the public, entitles the owners thereof to compensation for their "trade" or good will in case of sale to...show more

Product details

  • Paperback | 162 pages
  • 189 x 246 x 9mm | 299g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236970683
  • 9781236970688