Purpose: (L.O. 1 thru 9) This exercise will quiz you about terminology used in this chapter.
A list of accounting terms with which you should be familiar appears below:
|Authorized stock||Par value stock|
|**Book value per share||Payment date|
|Cash dividend||Preferred stock|
|Charter||Prior period adjustment|
|Corporate capital||Privately held corporation|
|Corporation||Publicly held corporation|
|Cumulative dividend||Record date|
|Declaration date||Retained earnings|
|Deficit||Retained earnings restrictions|
|Dividend||Retained earnings statement|
|Legal capital||Return on common stockholders' equity ratio|
|Liquidating dividend||Stated value|
|No-par value stock||Stock dividend|
|Organization costs||Stock split|
|Outstanding stock||Stockholders' equity statement|
|Paid-in capital||Treasury stock|
** This material is covered in Appendix 11B in the text.
For each item below, enter in the blank the term that is described.