Matching
Match the items below.
Premises:
Net income retained in the corporation.
The amount that must be retained in the business for the protection of creditors.
Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
Creditors only have corporate assets to satisfy their claims.
Responsible to stockholders for corporate activity.
The amount assigned to each share of stock in the corporate charter.
Unit of ownership in a corporation.
Enables stockholders to maintain their same percentage ownership when new shares are issued.
Corporation's own stock that has been reacquired by the corporation but not retired.
Total amount paid-in on capital stock.
Responses:
Limited liability
Capital stock
Board of directors
Paid-in capital
Retained earnings
Preemptive right
Par value
Legal capital
Treasury stock
Cumulative feature
Correct Answer:
Premises:
Responses:
Net income retained in the corporation.
The amount that must be retained in the business for the protection of creditors.
Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
Creditors only have corporate assets to satisfy their claims.
Responsible to stockholders for corporate activity.
The amount assigned to each share of stock in the corporate charter.
Unit of ownership in a corporation.
Enables stockholders to maintain their same percentage ownership when new shares are issued.
Corporation's own stock that has been reacquired by the corporation but not retired.
Total amount paid-in on capital stock.
Premises:
Net income retained in the corporation.
The amount that must be retained in the business for the protection of creditors.
Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
Creditors only have corporate assets to satisfy their claims.
Responsible to stockholders for corporate activity.
The amount assigned to each share of stock in the corporate charter.
Unit of ownership in a corporation.
Enables stockholders to maintain their same percentage ownership when new shares are issued.
Corporation's own stock that has been reacquired by the corporation but not retired.
Total amount paid-in on capital stock.
Responses:
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