Matching
Match each definition with its term
Premises:
The least amount that buyers of stock must contribute to the corporation or be subject to paying at a future date
A corporation's distribution of its own stock to its stockholders without the receipt of any payment
The number of shares of stock that a corporation's charter allows it to sell
Preferred stock that gives the issuing corporation the right to purchase or retire it at specified future prices and dates
The costs of bringing a corporation into existence that include legal fees, promoters' fees and amounts paid to obtain a charter
The distribution of additional shares of stock to stockholders according to their present ownership
The right of common stockholders to maintain their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of stock issued
A class of stock that has not been assigned a par value by the corporate charter
Preferred stock giving the holder the option of exchanging it for common stock at a specified rate
The basic stock of a corporation that usually carries voting rights for controlling the corporation
Responses:
Stock split
No-par value stock
Stock dividend
Authorized stock
Common stock
Preemptive right
Minimum legal capital
Callable preferred stock
Convertible preferred stock
Organization expenses
Correct Answer:
Premises:
Responses:
The least amount that buyers of stock must contribute to the corporation or be subject to paying at a future date
A corporation's distribution of its own stock to its stockholders without the receipt of any payment
The number of shares of stock that a corporation's charter allows it to sell
Preferred stock that gives the issuing corporation the right to purchase or retire it at specified future prices and dates
The costs of bringing a corporation into existence that include legal fees, promoters' fees and amounts paid to obtain a charter
The distribution of additional shares of stock to stockholders according to their present ownership
The right of common stockholders to maintain their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of stock issued
A class of stock that has not been assigned a par value by the corporate charter
Preferred stock giving the holder the option of exchanging it for common stock at a specified rate
The basic stock of a corporation that usually carries voting rights for controlling the corporation
Premises:
The least amount that buyers of stock must contribute to the corporation or be subject to paying at a future date
A corporation's distribution of its own stock to its stockholders without the receipt of any payment
The number of shares of stock that a corporation's charter allows it to sell
Preferred stock that gives the issuing corporation the right to purchase or retire it at specified future prices and dates
The costs of bringing a corporation into existence that include legal fees, promoters' fees and amounts paid to obtain a charter
The distribution of additional shares of stock to stockholders according to their present ownership
The right of common stockholders to maintain their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of stock issued
A class of stock that has not been assigned a par value by the corporate charter
Preferred stock giving the holder the option of exchanging it for common stock at a specified rate
The basic stock of a corporation that usually carries voting rights for controlling the corporation
Responses:
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