Question : 82. Match the accounting terms with the description by entering the : 1197665

 

82. Match the accounting terms with the description by entering the proper number. 

1. Stock that conveys to its owners the right to receive the preference dividend for the current year and any prior years in which the preference dividend was not paid before common stockholders receive any dividends 

     Subscribers’ ledger 

   

2. The form by which capital stock is issued; the certificate indicates the name of the corporation, the name of the stockholder to whom the certificate was issued, the class of stock, and the number of shares 

     Convertible preferred stock 

   

3. Stock that conveys the right not only to the preference dividend amount but also to a share of other dividends paid 

     Preference dividend 

   

4. The general class of stock issued when no other class of stock is authorized; each share carries the same rights and privileges as every other share. Even if preferred stock is issued, common stock will also be issued 

     Nonparticipating preferred stock 

   

5. A person or institution in charge of the issuance and transfer of a corporation’s stock 

     Transfer agent 

   

6. Distributions of the profits of a corporation to its shareholders 

     Organization costs 

   

7. Provides limited liability to the owners, who can elect to have the profits taxed at the LLC level or on their individual tax returns 

     Corporate charter 

   

8. Preferred stock that conveys the right to convert that stock to common stock after a specified date or during a period of time 

     Par value 

   

9. A list of the stock subscriptions received 

     Participating preferred stock 

   

10. An entity formed as a corporation that meets the requirements of Subchapter S of the Internal Revenue Code to be treated essentially as a partnership, so that the corporation pays no income tax 

     Subscription book 

   

11. A document issued by a state government that establishes a corporation 

     Preemptive right 

   

12. A partnership that provides limited liability for all partners 

     Cumulative preferred stock 

   

13. Stock that conveys to its owners the right to only the preference dividend amount specified on the stock certificate 

     Dividends 

   

14. The value that can be assigned to no-par-value stock by a board of directors for accounting purposes 

     Limited liability company (LLC) 

   

15. The corporate equivalent of owners’ equity; also called shareholders’ equity 

     Bylaws 

   

16. A person or institution that handles all stock transfers and transfer records for a corporation 

     Common stock 

   

17. Stock that gives the issuing corporation the right to repurchase the preferred shares from the stockholders at a specific price 

     Authorized capital stock 

   

18. A subsidiary ledger that contains an account receivable for each stock subscriber 

     Limited liability partnership (LLP) 

   

19. A book in which accurate and complete records of all meetings of stockholders and directors are kept 

     Callable preferred stock 

   

20. A shareholder’s right to purchase a proportionate amount of any new stock issued at a later date 

     No-par-value stock 

   

21. A subsidiary ledger that contains a record of each stockholder’s purchases, transfers, and current balance of shares owned; also called stockholders’ ledger 

     Preferred stock 

   

22. A record of stock transfers used for posting to the stockholders’ ledger 

     Registrar 

   

23. Value of assets to be applied to preferred stock, usually par value or an amount in excess of par value, if the corporation is liquidated 

     Shareholder 

   

24. A class of stock that has special claims on the corporate profits or, in case of liquidation, on corporate assets 

     Stockholders’ equity 

   

25. A person who owns shares of stock in a corporation; also called a stockholder 

     Stock certificate 

   

26. Another term for capital stock ledger 

     Stated value 

   

27. The number of shares authorized for issue by the corporate charter 

     Capital stock transfer journal 

   

28. An amount assigned by the corporate charter to each share of stock for accounting purposes 

     Liquidation value 

   

29. Stock that conveys to its owners the stated preference dividend for the current year but no rights to dividends for years in which none were declared 

     Market value 

   

30. A basic or stated dividend rate for preferred stock that must be paid before dividends can be paid on common stock 

     Capital stock ledger 

   

31. The costs associated with establishing a corporation 

     Stockholders’ ledger 

   

32. Stock that is not assigned a par value in the corporate charter 

     Capital stock ledger 

   

33. The price per share at which stock is bought and sold 

     Noncumulative preferred stock 

   

34. The guidelines for conducting a corporation’s business affairs 

     Subchapter S corporation (S)