2. The following are a list of terms Additional paid in capital Authorized capit

Question

2. The following are a list of terms Additional paid in capital Authorized capital stock Legal capital Preemptive right Registrar Stated value Subscribed capital stock Transfer agent Treasury stock Voting right 9) 10) Required: Match the following definition with the terms listed above a) b) c) Installment purchase contract with an investor An independent party hired to handle the stock issuance Maintains the shareholders records The ability to elect directors Maintains a proportionate share of ownership Shares authorized by state charter Stocks that were issued and reacquired by the corporation To protect the corporations creditors No-par value The excess received is recorded in this account e) f) g)

Explanation / Answer

Match: 1. Additional paid in capital: j. The excess received is recorded in this account 2. Authorized Sstock capital: F. Shares authorized by Statate charter 3. Legal Cappital h. To protect the corporation creditors 4. Preemptive right e. maintains the proportionate share of ownership 5. Registrar: c. mainitains the shareholder's records 6. Stated value a. Instalment purchase contract with investor 7. Subscribed stock value i. No par value 8. Transfer agent b. The independent party hired to handle the stock issuance 9. Treasury Stock g. The Stocks that are issued and reacquired by corporations 10. Voting right: d. the ability to elect directors

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