Matching
Match the items below by entering the appropriate code letter in the space provided.
Premises:
Total number of each class of shares a corporation is allowed to sell.
A distribution of cash or shares by a corporation to its shareholders on a pro rata basis
The date when the board of directors formally declares a dividend and announces it to the shareholders.
Profit retained in the corporation
In a year when dividends are not declared, dividends for that year are lost to shareholders.
The number of shares that have been sold by the corporation.
Preferred shareholders have a right to receive current and unpaid prior-year dividends before common shareholders receive any dividends.
Amount paid or contributed to the corporation by a shareholder in exchange of shares of ownership.
Ratio used to measure a firm's profitability and efficiency
Allow the issuing corporation to buy back its own shares at specified future dates and prices.
Responses:
Dividends
Retained earnings
Return on equity
Declaration date
Issued shares
Noncumulative feature
Share capital
Redeemable Preferred Shares
Authorized shares
Cumulative feature
Correct Answer:
Premises:
Responses:
Total number of each class of shares a corporation is allowed to sell.
A distribution of cash or shares by a corporation to its shareholders on a pro rata basis
The date when the board of directors formally declares a dividend and announces it to the shareholders.
Profit retained in the corporation
In a year when dividends are not declared, dividends for that year are lost to shareholders.
The number of shares that have been sold by the corporation.
Preferred shareholders have a right to receive current and unpaid prior-year dividends before common shareholders receive any dividends.
Amount paid or contributed to the corporation by a shareholder in exchange of shares of ownership.
Ratio used to measure a firm's profitability and efficiency
Allow the issuing corporation to buy back its own shares at specified future dates and prices.
Premises:
Total number of each class of shares a corporation is allowed to sell.
A distribution of cash or shares by a corporation to its shareholders on a pro rata basis
The date when the board of directors formally declares a dividend and announces it to the shareholders.
Profit retained in the corporation
In a year when dividends are not declared, dividends for that year are lost to shareholders.
The number of shares that have been sold by the corporation.
Preferred shareholders have a right to receive current and unpaid prior-year dividends before common shareholders receive any dividends.
Amount paid or contributed to the corporation by a shareholder in exchange of shares of ownership.
Ratio used to measure a firm's profitability and efficiency
Allow the issuing corporation to buy back its own shares at specified future dates and prices.
Responses:
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