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Match the Following Stockholder's Equity Concepts to the Best Answer

Question 155

Matching

Match the following stockholder's equity concepts to the best answer.

Premises:
treasury stock
declaration date
preferred stock
cash dividend
payment date
record date
stock dividends distributable
additional paid in capital
Responses:
the date that a share of stock must be owned to receive current dividend
when dividends are actually distributed to stockholders
entitled to receive dividends first
account used when shares are issued for an amount greater than par value
this event creates a liability to company
equity account reflecting shares “owed” to stockholders
Shares of common stock re-acquired by a company
distribution of a company’s earnings to stockholders

Correct Answer:

treasury stock
declaration date
preferred stock
cash dividend
payment date
record date
stock dividends distributable
additional paid in capital
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