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Match Each of the Following Stockholders' Equity Concepts to the Most

Question 19

Matching

Match each of the following stockholders' equity concepts to the most appropriate term.

Premises:
The account used to record the difference when issue price exceeds par value of stock
The dollar amount assigned to each share of stock
The number of shares currently held by stockholders
A class of stock having first rights to dividends of a corporation
The maximum number of shares a company can issue to shareholders
The number of shares sold to stockholders
A class of stock that provides no preference rights to shareholders
A financial institution that records and maintains records of another company's stockholders.
Responses:
authorized shares
issued shares
outstanding shares
par value
common stock
preferred stock
Paid-In Capital in Excess of Par
transfer agent

Correct Answer:

The account used to record the difference when issue price exceeds par value of stock
The dollar amount assigned to each share of stock
The number of shares currently held by stockholders
A class of stock having first rights to dividends of a corporation
The maximum number of shares a company can issue to shareholders
The number of shares sold to stockholders
A class of stock that provides no preference rights to shareholders
A financial institution that records and maintains records of another company's stockholders.
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