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The Following Are a List of Terms

Question 24

Essay

The following are a list of terms.
______ 1) Additional paid in capital
______ 2) Authorized capital stock
______ 3) Legal capital
______ 4) Preemptive right
______ 5) Registrar
______ 6) Stated value
______ 7) Subscribed capital stock
______ 8) Transfer agent
______ 9) Treasury stock
______ 10) Voting right
Required:
Match the following definition with the terms listed above.
a) Installment purchase contract with an investor.
b) An independent party hired to handle the stock issuance. c) Maintains the shareholders records.
d) The ability to elect directors.
e) Maintains a proportionate share of ownership. f) Shares authorized by state charter.
g) Stocks that were issued and reacquired by the corporation. h) To protect the corporations creditors.
i) No-par value
j) The excess received is recorded in this account.

Correct Answer:

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1) j
2) f
3) h
4) e
...

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