Author: 51908   Add date: 06/30/2009   Publishing date: 06/30/2009   Hits: 0

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Match the following in corporation? Match the items below by entering the appropriate code letter in the space provided. A. Limited liability B. Share capital C. Redeemable Preferred Shares D.Contributed capital E.Retained earnings F.Noncumulative feature G.Issued shares H.Accumulated Comprehensive Income I.Return on equity J.Cumulative feature _ 1.Net income retained in the corporation. ___2.Consists of gains and losses that affect shareholder equity but do not appear on the income statement. ___ 3.Preferred shareholders have a right to receive current and unpaid prior-year dividends before common shareholders receive any dividends. ___ 4.Creditors only have corporate assets to satisfy their claims. ___ 5.Allow the issuing corporation to buy back its own shares at specified future dates and prices. ___ 6.The number of shares that have been sold by the corporation. ___ 7.Unit of ownership in a corporation. ___ 8.In a year when dividends are not declared, dividends for that year are lost to shareholders. ___ 9.Ratio used to measure a firm's profitability and efficiency. ___ 10.Total amount contributed on share capital. Best Answer E.Retained earnings 1.Net income retained in the corporation. H.Accumulated Comprehensive Income 2.Consists of gains and losses that affect shareholder equity but do not appear on the income statement. J.Cumulative feature 3.Preferred shareholders have a right to receive current and unpaid prior-year dividends before common shareholders receive any dividends. A. Limited liability 4.Creditors only have corporate assets to satisfy their claims. C. Redeemable Preferred Shares 5.Allow the issuing corporation to buy back its own shares at specified future dates and prices. B. Share capital 6.The number of shares that have been sold by the corporation. G.Issued shares 7.Unit of ownership in a corporation. F.Noncumulative feature 8.In a year when dividends are not declared, dividends for that year are lost to shareholders. I.Return on equity 9.Ratio used to measure a firm's profitability and efficiency. D.Contributed capital 10.Total amount contributed on share capital.

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