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Match the Following Terms with the Descriptions Below

Question 90

Question 90

Matching

Match the following terms with the descriptions below.

Premises:

Responses:

Preferred stock that allows unpaid dividend to accumulate.

Retired stock

The basic ownership unit of a corporation.

Redeemable preferred stock

An ownership interest that gives the stockholder preferences as to dividends and liquidation.

Treasury stock

The corporation own issued stock that it has repurchased in the secondary market.

Callable preferred stock

Preferred stock that gives the issuing corporation the right to buy the stock back from the stockholders at a predetermined price.

Preferred stock

Shares repurchased by the corporation that it will never reissue.

Common Stock

Stock that does not have a minimum price assigned to each share of stock.

No-par stock

Preferred stock that gives its owner the right to exchange the stock for cash.

Participating preferred stock

Preferred stock that allows its holder to receive dividends in excess of the stated dividend rate.

Cumulative preferred stock

Preferred stock that gives the holder of the shares the right to exchange the stock for other forms of capital (typically common stock).

Convertible preferred stock

Premises:

Preferred stock that allows unpaid dividend to accumulate.

The basic ownership unit of a corporation.

An ownership interest that gives the stockholder preferences as to dividends and liquidation.

The corporation own issued stock that it has repurchased in the secondary market.

Preferred stock that gives the issuing corporation the right to buy the stock back from the stockholders at a predetermined price.

Shares repurchased by the corporation that it will never reissue.

Stock that does not have a minimum price assigned to each share of stock.

Preferred stock that gives its owner the right to exchange the stock for cash.

Preferred stock that allows its holder to receive dividends in excess of the stated dividend rate.

Preferred stock that gives the holder of the shares the right to exchange the stock for other forms of capital (typically common stock).

Responses:

Retired stock

Redeemable preferred stock

Treasury stock

Callable preferred stock

Preferred stock

Common Stock

No-par stock

Participating preferred stock

Cumulative preferred stock

Convertible preferred stock

Correct Answer:

Premises:

Responses:

Preferred stock that allows unpaid dividend to accumulate.

The basic ownership unit of a corporation.

An ownership interest that gives the stockholder preferences as to dividends and liquidation.

The corporation own issued stock that it has repurchased in the secondary market.

Preferred stock that gives the issuing corporation the right to buy the stock back from the stockholders at a predetermined price.

Shares repurchased by the corporation that it will never reissue.

Stock that does not have a minimum price assigned to each share of stock.

Preferred stock that gives its owner the right to exchange the stock for cash.

Preferred stock that allows its holder to receive dividends in excess of the stated dividend rate.

Preferred stock that gives the holder of the shares the right to exchange the stock for other forms of capital (typically common stock).

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