Accounting terminology
Listed below are nine technical accounting terms introduced in this chapter:
Each of the following statements may (or may not)describe one of these technical terms.In the space provided beside each statement,indicate the accounting term described,or answer "None" if the statement does not correctly describe any of the terms.
____ (a)A financial statement showing the revenue,expenses,and net earnings of a corporation during the current accounting period.
____ (b)A distribution of cash to stockholders.
____ (c)A distribution to stockholders of additional shares of stock,accompanied by a proportionate reduction in the par value per share.
____ (d)The market price of a share of p
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