Match Each Term with the Appropriate Definition

Multiple Choice

Match each term with the appropriate definition.Not all definitions will be used.
-LLC

A) A company that is like a partnership in nature except that it has limited liability.
B) A company that has a separate legal identity from its owners.
C) A company that issues stock on one of the major stock exchanges.
D) When companies are obligated to pay preferred stockholders past dividends not yet distributed before paying dividends to owners of common stock.
E) The nominal value per share of stock set by the company's charter.
F) The current stock price.
G) A stock that is currently selling for its original issue price.
H) Stock of companies that tend to pay relatively high dividends compared to the stock price.
I) Stock of companies that tend to reinvest earnings to provide for greater future sales and profits.
J) When stockholders prefer to receive dividends at the end of the year rather than each quarter.
K) An unincorporated business that is owned by a single individual.
L) When preferred stockholders are paid dividends before other stockholders.
M) An unincorporated business owned by two or more individuals.