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Match the Following Stockholders' Equity Concepts to the Appropriate Term

Question 87

Matching

Match the following stockholders' equity concepts to the appropriate term

Premises:
Equity account reflecting shares “owed” to stockholders
Shares of common stock that were issued and then reacquired by a company
Owners of this class of stock are entitled to receive dividends first
Cash distribution of a company’s earnings to stockholders
Account used when shares are issued for an amount greater than par value
The day of the event that creates a liability to company
The date that is used to determine the owners of stock who will receive the current dividend
The date when dividends are actually distributed to stockholders
Responses:
cash dividend
date of record
Stock Dividends Distributable
date of declaration
treasury stock
preferred stock
date of payment
Paid-In Capital in Excess of Par

Correct Answer:

Equity account reflecting shares “owed” to stockholders
Shares of common stock that were issued and then reacquired by a company
Owners of this class of stock are entitled to receive dividends first
Cash distribution of a company’s earnings to stockholders
Account used when shares are issued for an amount greater than par value
The day of the event that creates a liability to company
The date that is used to determine the owners of stock who will receive the current dividend
The date when dividends are actually distributed to stockholders
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