Question

match the items below by entering the appropriate code letter in the space provided.

A. Controller

B. Deficit

C. Payout ratio

D. Stock dividend

E. Declaration date

F. Preemptive right

G. Par value

H. Legal capital

I. Treasury stock

J. Cumulative feature

____ 1. The date the board of directors formally declares a dividend.

____ 2. The amount that must be retained in the business for the protection of creditors.

____ 3. Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.

____ 4. The chief accounting officer.

____ 5. Measures the percentage of earnings distributed in the form of dividends to common stockholders.

____ 6. The amount assigned to each share of stock in the corporate charter.

____ 7. A debit balance in retained earnings.

____ 8. Enables stockholders to maintain their same percentage ownership when new shares are issued.

____ 9. Corporation’s own stock that has been reacquired by the corporation but not retired.

____ 10. A pro rata distribution of the corporation’s own stock to stockholders.

Answer

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