Match the term with its definition.
A. A leveraged buy out involving the purchase of a group of similar companies with the intent of making the firms into one larger company for eventual sale
B. A professional who assists in the buying and selling of a business
C. A leveraged buyout involving the purchase of a company with the intent of selling off its assets
D. Taxation of income that occurs twice--first as corporate earnings and then as stockholder dividends
E. A method by which a firm is sold either in part or in total to its employees
F. The process used by entrepreneurs and investors to reap the value of a business when they leave it
G. The first sale of shares of a company's stock to the public
H.
I. A leveraged buyout in which the firm's top managers become significant shareholders in the acquired firm
J. The rate of return that could be earned on another investment of similar risk
K. An infusion of equity from private investors that allows an entrepreneur to cash out a portion of his investment while possibly continuing to operate the business
L. Financing in which the seller accepts a note from the buyer in lieu of cash in partial payment for a business
A. Build-up LBO
B. Business broker
C. Bust-up LBO
D. Double taxation
E. Employee Stock Ownership Plan
F. Harvesting
G. Initial public offering
H. Leveraged buyout
I. Management buyout
J. Opportunity cost of funds
K. Private equity recapitalization
L. Seller financing
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Southeast Company's adjusted trial balance at December 31 . 2015, includes the following account balances: Common Stock, $3 par .................................... $300,000 Additional Paid-In Capital .............................. 400,000 Treasury Stock, at cost ................................. 25,000 Net Unrealized Holding Loss on Available-For-Sale Securities
............................................ 10,000 Retained Earnings--Appropriated for Uninsured Earthquake Losses ................................................ 75,000 Retained Earnings--Unappropriated ....................... 100,000 What amount should Southeast report as total owners' equity in its December 31 . 2015, balance sheet? a. $840,000 b. $860,000 c. $890,000 d. $910,000
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