Matching
Match each of the following stockholders' equity concepts to the appropriate term.
Premises:
A legal entity, separate from the people who create and operate it
A company whose shares can be bought and sold in public markets
The rules and procedures for conducting a corporation's affairs
A company whose shares are not bought or sold in public markets
Document which formally creates a corporation
Creditors cannot pursue stockholders' personal assets to satisfy claims
Group which meets periodically to establish corporate policies
Corporate income distributed to stockholders
Responses:
articles of incorporation
limited liability
bylaws
corporation
public corporation
board of directors
private corporation
dividends
Correct Answer:
Premises:
Responses:
A legal entity, separate from the people who create and operate it
A company whose shares can be bought and sold in public markets
The rules and procedures for conducting a corporation's affairs
A company whose shares are not bought or sold in public markets
Document which formally creates a corporation
Creditors cannot pursue stockholders' personal assets to satisfy claims
Group which meets periodically to establish corporate policies
Corporate income distributed to stockholders
Premises:
A legal entity, separate from the people who create and operate it
A company whose shares can be bought and sold in public markets
The rules and procedures for conducting a corporation's affairs
A company whose shares are not bought or sold in public markets
Document which formally creates a corporation
Creditors cannot pursue stockholders' personal assets to satisfy claims
Group which meets periodically to establish corporate policies
Corporate income distributed to stockholders
Responses:
Related Questions
Q21: How is treasury stock shown on the
Q24: The state charter allows a corporation to
Q54: A 10% stock dividend will increase the
Q87: Match the following stockholders' equity concepts to
Q89: Prepare entries to record the following:
Q93: When a corporation completes a 3-for-1 stock
Q113: A corporation has 12,000 shares of $20
Q119: The primary purpose of a stock split
Q150: The reduction in the par or stated
Q175: For accounting purposes, stated value is treated