Matching
Match the items below by entering the appropriate code letter in the space provided.
Premises:
Corporation’s own stock that has been reacquired by the corporation but not retired.
A debit balance in retained earnings.
The date the board of directors formally declares a dividend.
The amount that must be retained in the business for the protection of creditors.
The chief accounting officer.
The amount assigned to each share of stock in the corporate charter
A pro rata distribution of the corporation’s own stock to stockholders.
Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
Enables stockholders to maintain their same percentage ownership when new shares are issued.
Measures the percentage of earnings distributed in the form of dividends to common stockholders
Responses:
Payout ratio
Debenture bonds
Stock dividend
Market interest rate
Cumulative feature
Preemptive right
Times interest earned
Controller
Treasury stock
Declaration date
Correct Answer:
Premises:
Responses:
Corporation’s own stock that has been reacquired by the corporation but not retired.
A debit balance in retained earnings.
The date the board of directors formally declares a dividend.
The amount that must be retained in the business for the protection of creditors.
The chief accounting officer.
The amount assigned to each share of stock in the corporate charter
A pro rata distribution of the corporation’s own stock to stockholders.
Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
Enables stockholders to maintain their same percentage ownership when new shares are issued.
Measures the percentage of earnings distributed in the form of dividends to common stockholders
Premises:
Corporation’s own stock that has been reacquired by the corporation but not retired.
A debit balance in retained earnings.
The date the board of directors formally declares a dividend.
The amount that must be retained in the business for the protection of creditors.
The chief accounting officer.
The amount assigned to each share of stock in the corporate charter
A pro rata distribution of the corporation’s own stock to stockholders.
Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
Enables stockholders to maintain their same percentage ownership when new shares are issued.
Measures the percentage of earnings distributed in the form of dividends to common stockholders
Responses:
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