Match the Following Terms to Their Correct Definition

Multiple Choice

Match the following terms to their correct definition.
-Refers to a situation where an error resulted in a misstatement of net income and the correction requires a debit or credit to retained earnings.

A) Articles of incorporation
B) Common stock
C) Contributed capital
D) Corporate charter
E) Current dividend preference
F) Date of record
G) Declaration date
H) Dividends in arrears
I) Equity
J) Exercise (strike) price
K) Liquidating dividend
L) No-par stock
M) Payment date
N) Preferred stock
O) Prior period adjustment
P) Return on common equity