Match the Terms with the Definitions Below

Short Answer

Match the terms with the definitions below.
Terms
A. Common shares
B. Preferred shares
C. Preferred shares, noncumulative
D. Preferred shares, cumulative
E. None of the above Definitions
1. Shares that have been issued, repurchased, and are held by the corporation.
____ 2. Authorized but unissued shares.
____ 3. Shares that are limited to a specified dividend rate per year.
____ 4. The basic issue of shares; the residual equity.
____ 5. Shares on which dividends in arrears must be paid before current dividends can be paid.
____ 6. Shares with specified differences from the basic shares.