Match the following terms to their correct definition.
-If a corporation has only one class of stock, this is usually it.

Question

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Also known as the corporate charter, this is a document that establishes the existence of a corporation in the United States and Canada. It typically includes the corporation's name, the purpose of the corporation, the type of stock to be issued, and other details about the corporation's structure and operations.
If we were to match all the terms to their correct definitions, it would look like this:
A) Articles of Incorporation - A document that establishes the existence of a corporation and includes details such as the corporation's name, purpose, and stock structure.
B) Common Stock - The type of stock that represents ownership in a corporation, with voting rights and the potential for dividends. If a corporation has only one class of stock, this is usually it.
C) Contributed Capital - The total value of the cash and other assets received by a corporation from its shareholders in exchange for stock.
D) Corporate Charter - Another term for Articles of Incorporation.
E) Current Dividend Preference - A feature of preferred stock that gives it priority over common stock in the payment of dividends.
F) Date of Record - The specific date on which a company determines the shareholders who are eligible to receive a dividend or distribution.
G) Declaration Date - The date on which a company's board of directors announces the next dividend payment.
H) Dividends in Arrears - Unpaid dividends on cumulative preferred stock that must be paid out before dividends can be paid to common stockholders.
I) Equity - The ownership interest in a company, represented by the stock that shareholders own.
J) Exercise (strike) price - The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.
K) Liquidating Dividend - A type of dividend that is paid out from the capital base of the company, as opposed to from the earnings or profits.
L) No-par Stock - Stock that has been issued without a par value specified on the face of the stock certificate.
M) Payment Date - The date on which a company actually distributes dividend payments to its shareholders.
N) Preferred Stock - A class of stock with a fixed dividend, that has priority over common stock in the distribution of dividends and assets.
O) Prior Period Adjustment - An adjustment to the retained earnings of a company for errors found in the financial statements of prior periods.
P) Return on Common Equity - A measure of the profitability of a company from the perspective of the common stockholders, calculated as net income minus preferred dividends, divided by common equity.

Match the Following Terms to Their Correct Definition