Matching
Match the description with the accounting terms.
Premises:
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
Capital acquired from capital stock transactions
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 formal declaration of an intention to restrict dividends
Equity account used to record par, or stated, value of shares to be issued as the result of the declaration of a stock dividend
The cumulative profits and losses of the corporation not distributed as dividends
When a corporation issues two or more shares of new stock to replace each share outstandin without making any changes in the capital accounts
Transactions that are highly unusual, clearly unrelated to routine operations, and that do not frequently occur
The date that dividends are paid
Stockholders in whose name shares are held on date of record and who will receive a declared dividend
The total equity applicable to a class of stock divided by the number of shares outstanding
The date on which the board of directors declares a dividend
The date on which the specific stockholders to receive a dividend are determined
A financial statement that shows all changes that have occurred in retained earnings during the period
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 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
Responses:
Appropriation of retained earnings
Book value (stock)
Common Stock Dividend Distributable account
Declaration date
Deferred income taxes
Donated capital
Extraordinary, nonrecurring items
Paid-in capital
Payment date
Record date
Retained earnings
Statement of retained earnings
Statement of stockholders' equity
Stock dividend
Stock split
Stockholders of record
Treasury stock
Correct Answer:
Premises:
Responses:
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
Capital acquired from capital stock transactions
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 formal declaration of an intention to restrict dividends
Equity account used to record par, or stated, value of shares to be issued as the result of the declaration of a stock dividend
The cumulative profits and losses of the corporation not distributed as dividends
When a corporation issues two or more shares of new stock to replace each share outstandin without making any changes in the capital accounts
Transactions that are highly unusual, clearly unrelated to routine operations, and that do not frequently occur
The date that dividends are paid
Stockholders in whose name shares are held on date of record and who will receive a declared dividend
The total equity applicable to a class of stock divided by the number of shares outstanding
The date on which the board of directors declares a dividend
The date on which the specific stockholders to receive a dividend are determined
A financial statement that shows all changes that have occurred in retained earnings during the period
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 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
Premises:
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
Capital acquired from capital stock transactions
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 formal declaration of an intention to restrict dividends
Equity account used to record par, or stated, value of shares to be issued as the result of the declaration of a stock dividend
The cumulative profits and losses of the corporation not distributed as dividends
When a corporation issues two or more shares of new stock to replace each share outstandin without making any changes in the capital accounts
Transactions that are highly unusual, clearly unrelated to routine operations, and that do not frequently occur
The date that dividends are paid
Stockholders in whose name shares are held on date of record and who will receive a declared dividend
The total equity applicable to a class of stock divided by the number of shares outstanding
The date on which the board of directors declares a dividend
The date on which the specific stockholders to receive a dividend are determined
A financial statement that shows all changes that have occurred in retained earnings during the period
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 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
Responses:
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