Stockholders' Equity (Word Scramble)

1. The proceeds from issuing common or preferred stock is reported as paid-in or contributed ____________.

2. A major section of stockholders' equity is ___________ earnings.

3. If a corporation has only one type of stock it will be __________ stock.

4. A corporation's income statement will not report a gain or loss from transactions involving its own ___________.

5. The cumulative amount of other ______________ income is reported as a separate amount within stockholders' equity.

6. A corporation's own stock that it has repurchased, but has not been retired is _____________ stock.

7. At the time that a corporation's board of directors declares a cash dividend, a current ____________ is created.

8. When a small stock (not cash) dividend is declared, the _________ value of the new shares is transferred from retained earnings to paid-in capital.

9. A 100% stock dividend will provide stockholders with the same number of shares as a 2-for-1 stock _________.

10. A cash dividend is based on the number of __________________ shares of stock.

11. Stockholders' equity is the total ________ value of a corporation.

12. Stockholders' equity reports the owners' residual interest in the corporation's _________.

13. A major advantage of the corporation as a form of business is the stockholders' _________ liability.

14. The cumulative amount of the corporation's earnings minus the cumulative amount of dividends declared is a general description of __________ earnings.

15. A distribution of a part of a corporation's earnings to its stockholders.

16. A corporation might ___________ its retained earnings because of a future cash need.

17. A stock ________ will not cause a change in the balances of the stockholders' equity accounts.

18. A corporation that has omitted the dividends on its cumulative preferred stock needs to disclose that it has dividends in __________.

19. 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.

20. Preferred stock will have preferential treatment over common stock in liquidation and _____________.