Financial Accounting 202-Instructor: HarrisExam 3A_Winter 2018 PROBLEMS:MATCHING

Question

Financial Accounting 202-Instructor: HarrisExam 3A_Winter 2018 PROBLEMS:MATCHING: 10 POINTS PUT ANSWER HERE COLUMN B a. Stock repurchased b. Have dividend c. # of Shares in COLUMNA PAR VALUE STATED VALUE TREASURY STOCK by the company preference hands of the shareholders d. The stated value of e. Have voting rights f. The value of each COMMON Shareholders each share of stock STOCKHOLDERS EQUITY PREFERRED Shareholders share of stock as decided by the board of directors g. Maximum # of STATE AGENCY THAT CREATES CORPORATIONS shares that can be issued by the company h. Secretary of State i. On balance sheet, AUTHORIZED ADDITIONAL PAID IN CAPITAL contains retained earnings, APIC common and OUTSTANDING preferred stock j. The difference between the cash received for stock and the price of the stock

Explanation / Answer

Par Value - Value of each stock as decided by directors (f)

Stated Value - State value of each stock (d)

Treasury Stock - Stock repurchased by the company (a)

Common Shareholders - Have voting rights (e)

Stockholders' equity - On balance sheet, contained APIC, retained earnings, common and preferred stock (i)

Preferred shareholders - have dividend preference (b)

State agency that creates corporation - Secretary of State (h)

Authorized - Maximum # of shares that can be issued by the company (g)

Additional Paid in Capital - The difference between cash received for the stock and price of the stock (j)

Outstanding - # of shares in the hands of the shareholders (c)

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