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

Question 194

Matching

Match each of the following stockholders' equity concepts to the appropriate term.

Premises:

Responses:

A legal entity, separate from the people who create and operate it

articles of incorporation

A company whose shares can be bought and sold in public markets

limited liability

The rules and procedures for conducting a corporation's affairs

bylaws

A company whose shares are not bought or sold in public markets

corporation

Document which formally creates a corporation

public corporation

Creditors cannot pursue stockholders' personal assets to satisfy claims

board of directors

Group which meets periodically to establish corporate policies

private corporation

Corporate income distributed to stockholders

dividends

Premises:

A legal entity, separate from the people who create and operate it

A company whose shares can be bought and sold in public markets

The rules and procedures for conducting a corporation's affairs

A company whose shares are not bought or sold in public markets

Document which formally creates a corporation

Creditors cannot pursue stockholders' personal assets to satisfy claims

Group which meets periodically to establish corporate policies

Corporate income distributed to stockholders

Responses:

articles of incorporation

limited liability

bylaws

corporation

public corporation

board of directors

private corporation

dividends

Correct Answer:

Premises:

Responses:

A legal entity, separate from the people who create and operate it

A company whose shares can be bought and sold in public markets

The rules and procedures for conducting a corporation's affairs

A company whose shares are not bought or sold in public markets

Document which formally creates a corporation

Creditors cannot pursue stockholders' personal assets to satisfy claims

Group which meets periodically to establish corporate policies

Corporate income distributed to stockholders

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