Match the Terms with the De?nitions Below. Terms

Essay

Match the terms with the de?nitions below. Terms
A. Common shares
B. Preferred shares
C. Preferred shares, noncumulative
D. Preferred shares, cumulative
E. None of the above De?nitions

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 speci?ed 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 speci?ed differences from the basic shares.