Match each of the following stockholders' equity concepts to the appropriate term (a-h).
-Group that meets periodically to establish corporate policies
A)Articles of incorporation
B)Limited liability
C)Bylaws
D)Corporation
E)Public corporation
F)Board of directors
G)Private corporation
H)Dividends

Question

Quizplus · Accepted Answer

The board of directors is the group that meets periodically to establish corporate policies.

Answer: A
 Articles of incorporation are the legal documents that establish a corporation.

Answer: C
 Bylaws are the rules and procedures that a corporation sets for itself.

Answer: D
 A corporation is a legal entity that is separate from its owners.

Answer: E
 A public corporation is a corporation whose shares are publicly traded.

Answer: G
 A private corporation is a corporation whose shares are not publicly traded.

Answer: H
 Dividends are payments made to shareholders out of a corporation's profits.

Match Each of the Following Stockholders' Equity Concepts to the Appropriate