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Match the Following Stockholders Equity Concepts to the Appropriate Answer

Question 133

Matching

Match the following stockholders equity concepts to the appropriate answer.

Premises:
dividends
board of directors
bylaws
corporation
privately held corporation
articles of incorporation
publicly held corporation
limited liability
Responses:
a company whose shares can be bought and sold on a stock exchange
responsible for establishing corporate policies
a legal entity, separate from the people who create and operate it
formally creates a corporation
company whose shares are not bought or sold on a stock exchange
earnings of a company distributed to stockholders
rules and procedures for corporate conduct of its affairs
creditors cannot pursue stockholder’s personal assets to satisfy claims

Correct Answer:

dividends
board of directors
bylaws
corporation
privately held corporation
articles of incorporation
publicly held corporation
limited liability
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