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 ILCAAPT3. If a corporation has only one type of stock it will be __________ stock.
COMMON MOONMC4. A corporation's income statement will not report a gain or loss from transactions involving its own ___________.
STOCK SCTOK5. The cumulative amount of other ______________ income is reported as a separate amount within stockholders' equity.
COMPREHENSIVE EPVIMNEORCSEH6. A corporation's own stock that it has repurchased, but has not retired is _____________ stock.
TREASURY RYEATURS7. At the time that a corporation's board of directors declares a cash dividend, a current ____________ is created.
LIABILITY LIIAYTIBL8. 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 TAREMK9. A 100% stock dividend will provide stockholders with the same number of shares as a 2-for-1 stock _________.
SPLIT TSPIL10. A cash dividend is based on the number of __________________ shares of stock.
OUTSTANDING IGDUOTNATSN12. Stockholders' equity reports the owners' residual interest in the corporation's _________.
ASSETS SSTESA13. A major advantage of the corporation as a form of business is the stockholders' _________ liability.
LIMITED LITIMDE14. The cumulative amount of the corporation's earnings minus the cumulative amount of dividends declared is a general description of __________ earnings.
RETAINED IATREDNE15. A distribution of a part of a corporation's earnings to its stockholders.
DIVIDEND NDEDIIDV16. A corporation might ___________ its retained earnings because of a future cash need.
RESTRICT TRTICRES17. A stock ________ will not cause a change in the balances of the stockholders' equity accounts.
SPLIT TSILP18. A corporation that has omitted the dividends on its cumulative preferred stock needs to disclose that it has dividends in __________.
ARREARS ARERRSA19. 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 YRASETRU20. Preferred stock will have preferential treatment over common stock in liquidation and _____________.
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