Match each term with the appropriate definition. Not all definitions will be used.
A.
B. Partnership
C. LLC
D. Growth Investment
E. Corporation
F. Cumulative Dividend Preference
G. Par Value
H.
I. Income Investment
J.
K. Sole Proprietorship
L. Market Value
M. Current Dividend Preference
A. A stock that is currently selling for its original issue price.
B. An unincorporated business owned by two or more individuals.
C. A company that is like a partnership in nature except that it has limited liability.
D. Stock of companies that tend to reinvest earnings to provide for greater future sales and profits.
E. A company that has a separate legal identity from its owners.
F. When companies are obligated to pay preferred stockholders past dividends not yet distributed before paying dividends to owners of common stock.
G. The nominal value per share of stock set by the company's charter.
H. A company that issues stock on one of the major stock exchanges.
I. Stock of companies that tend to pay relatively high dividends compared to the stock price.
J. When stockholders prefer to receive dividends at the end of the year rather than each quarter.
K. An unincorporated business that is owned by a single individual.
L. The current stock price.
M. When preferred stockholders are paid dividends before other stockholders.
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Classify each of the following as a field, record, or file interrogation:
a. Limit check b. Validity check c. Version check d. Missing data check e. Sign checks f. Expiration date check g. Numeric-alphabetic data check h. Sequence check i. Zero-value check j. Header label check k. Range check l. Reasonableness check
Which of the following attributes of internal control would be violated if the accounting clerk wrote checks to pay accounts payable?
a. Adequate design of documents b. Sound personnel procedures c. Periodic independent verification d. Separation of duties
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Indicate whether the statement is true or false
It is sometimes the case that parties to a contract are unwilling to settle a contract because they don't want to take the blame for poor terms of the agreement. In these cases, the parties will often rely on the arbitration process to make the decisions for them. The term used to describe this problem is:
A. the chilling effect. B. the ripple effect. C. the narcotic effect. D. the arbitration effect.