State the appropriate accounting term for each of the definitions given below.
a)A written authority granted by individual shareholders to others to cast the shareholders' votes.
b)The right to acquire a proportional amount of any new issues of common stock.
c)The aggregate number of shares that can be issued.
d)A characteristic of preferred stock that requires that the undeclared dividends accumulate and must be paid in the future before common dividends are paid.
e)A measure of the preference to receive assets in the event of corporate liquidation.
f)A characteristic of preferred stock that gives the issuer the right to buy the preferred stock from the owner at a fixed price.
g)A characteristic of bonds or preferred stock that gives the holder the right to exchange the security for common stock.

Question

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The Answer of State the appropriate accounting term for each of the definitions given below.
a)A written authority granted by individual shareholders to others to cast the shareholders' votes.
b)The right to acquire a proportional amount of any new issues of common stock.
c)The aggregate number of shares that can be issued.
d)A characteristic of preferred stock that requires that the undeclared dividends accumulate and must be paid in the future before common dividends are paid.
e)A measure of the preference to receive assets in the event of corporate liquidation.
f)A characteristic of preferred stock that gives the issuer the right to buy the preferred stock from the owner at a fixed price.
g)A characteristic of bonds or preferred stock that gives the holder the right to exchange the security for common stock.

State the Appropriate Accounting Term for Each of the Definitions