Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition

EXERCISE 11-14

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.

Instructions

For each item below, enter in the blank the term that is described.

1. ____________________________________A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities market.
2. ____________________________________A corporation that has only a few stockholders and whose stock is not available for sale to the general public.
3. ___________________________________The amount of stock that a corporation is authorized to sell as indicated in its charter.
4. ___________________________________Costs incurred in the formation of a corporation.
5. ___________________________________Capital ...