To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Stockholders' Equity (Explanation).
1. The proceeds from issuing common or preferred stock is reported as paid-in or contributed ____________.
CAPITAL IPLTCAA3. If a corporation has only one type of stock it will be __________ stock.
COMMON CMNMOO4. A corporation's income statement will not report a gain or loss from transactions involving its own ___________.
STOCK KCTOS5. The cumulative amount of other ______________ income is reported as a separate amount within stockholders' equity.
COMPREHENSIVE SPIVCMRNEOEHE6. A corporation's own stock that it has repurchased, but has not retired is _____________ stock.
TREASURY RASRETYU7. At the time that a corporation's board of directors declares a cash dividend, a current ____________ is created.
LIABILITY TAIIILLYB8. When a small stock (not cash) dividend is declared, the _________ value of the new shares is transferred from retained earnings to paid-in capital.
MARKET ETMRAK9. A 100% stock dividend will provide stockholders with the same number of shares as a 2-for-1 stock _________.
SPLIT ILPST10. A cash dividend is based on the number of __________________ shares of stock.
OUTSTANDING TOANGIUSTND12. Stockholders' equity reports the owners' residual interest in the corporation's _________.
ASSETS SSASET13. A major advantage of the corporation as a form of business is the stockholders' _________ liability.
LIMITED LITEDMI14. The cumulative amount of the corporation's earnings minus the cumulative amount of dividends declared is a general description of __________ earnings.
RETAINED TEDIAREN15. A distribution of a part of a corporation's earnings to its stockholders.
DIVIDEND VIENIDDD16. A corporation might ___________ its retained earnings because of a future cash need.
RESTRICT RCRSTETI17. A stock ________ will not cause a change in the balances of the stockholders' equity accounts.
SPLIT ILTSP18. A corporation that has omitted the dividends on its cumulative preferred stock needs to disclose that it has dividends in __________.
ARREARS RSREARA19. The difference in the number of issued shares of common stock and the number of outstanding shares of common stock is related to the number of shares of ___________ stock.
TREASURY UESTRRAY20. Preferred stock will have preferential treatment over common stock in liquidation and _____________.
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For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.
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