Matching
Match the description with correct term by entering the proper letter in the space provided.
Premises:
Equity account used to record par, or stated, value of shares to be issued as the result of the declaration of a stock dividend
A corporation's own capital stock that has been issued and reacquired; the stock must have been previously paid in full and issued to a stockholder
The date on which the specific stockholders to receive a dividend are determined
Capital acquired from capital stock transactions
When a corporation issues two or more shares of new stock to replace each share outstandin without making any changes in the capital accounts
The cumulative profits and losses of the corporation not distributed as dividends
Distribution of the corporation's own stock on a pro rata basis that results in conversion of a portion of the firm's retained earnings to permanent capital
A financial statement that shows all changes that have occurred in retained earnings during the period
The total equity applicable to a class of stock divided by the number of shares outstanding
A formal declaration of an intention to restrict dividends
A financial statement that provides an analysis reconciling the beginning and ending balance of each of the stockholders' equity accounts.
Capital resulting from the receipt of gifts by a corporation
The amount of taxes that will be payable in the future as a result of the difference between taxable income and income for financial statement purposes in the current year and in past years
The date that dividends are paid
Stockholders in whose name shares are held on date of record and who will receive a declared dividend
Transactions that are highly unusual, clearly unrelated to routine operations, and that do not frequently occur
The date on which the board of directors declares a dividend
Responses:
Stockholders of record
Common Stock Dividend
Appropriation of retained earnings
Statement of stockholders' equity
Book value (stock)
Payment date
Record date
Retained earnings
Extraordinary, nonrecurring items
Donated capital
Stock dividend
Deferred income taxes
Treasury stock
Declaration date
Paid-in capital
Stock split
Statement of retained earnings
Correct Answer:
Premises:
Responses:
Equity account used to record par, or stated, value of shares to be issued as the result of the declaration of a stock dividend
A corporation's own capital stock that has been issued and reacquired; the stock must have been previously paid in full and issued to a stockholder
The date on which the specific stockholders to receive a dividend are determined
Capital acquired from capital stock transactions
When a corporation issues two or more shares of new stock to replace each share outstandin without making any changes in the capital accounts
The cumulative profits and losses of the corporation not distributed as dividends
Distribution of the corporation's own stock on a pro rata basis that results in conversion of a portion of the firm's retained earnings to permanent capital
A financial statement that shows all changes that have occurred in retained earnings during the period
The total equity applicable to a class of stock divided by the number of shares outstanding
A formal declaration of an intention to restrict dividends
A financial statement that provides an analysis reconciling the beginning and ending balance of each of the stockholders' equity accounts.
Capital resulting from the receipt of gifts by a corporation
The amount of taxes that will be payable in the future as a result of the difference between taxable income and income for financial statement purposes in the current year and in past years
The date that dividends are paid
Stockholders in whose name shares are held on date of record and who will receive a declared dividend
Transactions that are highly unusual, clearly unrelated to routine operations, and that do not frequently occur
The date on which the board of directors declares a dividend
Premises:
Equity account used to record par, or stated, value of shares to be issued as the result of the declaration of a stock dividend
A corporation's own capital stock that has been issued and reacquired; the stock must have been previously paid in full and issued to a stockholder
The date on which the specific stockholders to receive a dividend are determined
Capital acquired from capital stock transactions
When a corporation issues two or more shares of new stock to replace each share outstandin without making any changes in the capital accounts
The cumulative profits and losses of the corporation not distributed as dividends
Distribution of the corporation's own stock on a pro rata basis that results in conversion of a portion of the firm's retained earnings to permanent capital
A financial statement that shows all changes that have occurred in retained earnings during the period
The total equity applicable to a class of stock divided by the number of shares outstanding
A formal declaration of an intention to restrict dividends
A financial statement that provides an analysis reconciling the beginning and ending balance of each of the stockholders' equity accounts.
Capital resulting from the receipt of gifts by a corporation
The amount of taxes that will be payable in the future as a result of the difference between taxable income and income for financial statement purposes in the current year and in past years
The date that dividends are paid
Stockholders in whose name shares are held on date of record and who will receive a declared dividend
Transactions that are highly unusual, clearly unrelated to routine operations, and that do not frequently occur
The date on which the board of directors declares a dividend
Responses:
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