Matching
Match the following definitions with the appropriate terms
Premises:
An amount assigned per share by the corporation in its charter.
A corporation's distribution of its own stock to its stockholders without the receipt of any payment.
The number of shares of stock that a corporation's charter allows it to sell.
Preferred stock that gives the issuing corporation the right to purchase or retire it at specified future prices and dates.
The costs of bringing a corporation into existence that include legal fees, promoters' fees, and amounts paid to obtain a charter.
The distribution of additional shares of stock to stockholders according to their present ownership.
The right of common stockholders to maintain their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of stock issued.
A class of stock that has not been assigned a par value by the corporate charter.
Preferred stock giving the holder the option of exchanging it for common stock at a specified rate.
The basic stock of a corporation that usually carries voting rights for controlling the corporation.
Responses:
Stock split
No-par value stock
Stock dividend
Authorized stock
Common stock
Preemptive right
Par value
Callable preferred stock
Convertible preferred stock
Organization costs
Correct Answer:
Premises:
Responses:
An amount assigned per share by the corporation in its charter.
A corporation's distribution of its own stock to its stockholders without the receipt of any payment.
The number of shares of stock that a corporation's charter allows it to sell.
Preferred stock that gives the issuing corporation the right to purchase or retire it at specified future prices and dates.
The costs of bringing a corporation into existence that include legal fees, promoters' fees, and amounts paid to obtain a charter.
The distribution of additional shares of stock to stockholders according to their present ownership.
The right of common stockholders to maintain their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of stock issued.
A class of stock that has not been assigned a par value by the corporate charter.
Preferred stock giving the holder the option of exchanging it for common stock at a specified rate.
The basic stock of a corporation that usually carries voting rights for controlling the corporation.
Premises:
An amount assigned per share by the corporation in its charter.
A corporation's distribution of its own stock to its stockholders without the receipt of any payment.
The number of shares of stock that a corporation's charter allows it to sell.
Preferred stock that gives the issuing corporation the right to purchase or retire it at specified future prices and dates.
The costs of bringing a corporation into existence that include legal fees, promoters' fees, and amounts paid to obtain a charter.
The distribution of additional shares of stock to stockholders according to their present ownership.
The right of common stockholders to maintain their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of stock issued.
A class of stock that has not been assigned a par value by the corporate charter.
Preferred stock giving the holder the option of exchanging it for common stock at a specified rate.
The basic stock of a corporation that usually carries voting rights for controlling the corporation.
Responses:
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