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Match Six of the Terms (A-I)used in the Capital Acquisitions

Question 91

Matching

Match six of the terms (a-i)used in the capital acquisitions and repayment cycle with the descriptions provided below (1-6):

Premises:

Responses:

A record of the issuance and repurchase of capital stock for the life of the corporation.

Independent registrar

An entity that is required to engage an independent registrar.

Capital stock certificate book

The cycle that concerns the acquisition of capital resources through interest-bearing debt and owners' equity and repayment of the capital.

Note payable

An outside person engaged by a corporation to maintain the stockholder records

Stock maintenance agent

An outside person engaged by a corporation to make sure that its stock is issued in accordance with capital stock provisions in the corporate charter and authorizations by the board of directors.

Schedule of notes payable and accrued interest

The normal starting point for the audit of notes payable; includes detailed information of all transactions related to notes payable that took place during the year.

Publicly held corporation

Capital acquisition and repayment cycle

Stock transfer agent

Closely held corporation

Premises:

A record of the issuance and repurchase of capital stock for the life of the corporation.

An entity that is required to engage an independent registrar.

The cycle that concerns the acquisition of capital resources through interest-bearing debt and owners' equity and repayment of the capital.

An outside person engaged by a corporation to maintain the stockholder records

An outside person engaged by a corporation to make sure that its stock is issued in accordance with capital stock provisions in the corporate charter and authorizations by the board of directors.

The normal starting point for the audit of notes payable; includes detailed information of all transactions related to notes payable that took place during the year.

Responses:

Independent registrar

Capital stock certificate book

Note payable

Stock maintenance agent

Schedule of notes payable and accrued interest

Publicly held corporation

Capital acquisition and repayment cycle

Stock transfer agent

Closely held corporation

Correct Answer:

Premises: