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 PIACATL3. If a corporation has only one type of stock it will be __________ stock.
COMMON MMCOON4. A corporation's income statement will not report a gain or loss from transactions involving its own ___________.
STOCK SOKTC5. The cumulative amount of other ______________ income is reported as a separate amount within stockholders' equity.
COMPREHENSIVE EESVHPIOREMNC6. A corporation's own stock that it has repurchased, but has not retired is _____________ stock.
TREASURY YASURTER7. At the time that a corporation's board of directors declares a cash dividend, a current ____________ is created.
LIABILITY AITLBYLII8. 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 EMTRKA9. A 100% stock dividend will provide stockholders with the same number of shares as a 2-for-1 stock _________.
SPLIT LSIPT10. A cash dividend is based on the number of __________________ shares of stock.
OUTSTANDING TGSDTAONNUI12. Stockholders' equity reports the owners' residual interest in the corporation's _________.
ASSETS SSATES13. A major advantage of the corporation as a form of business is the stockholders' _________ liability.
LIMITED EIMDLIT14. The cumulative amount of the corporation's earnings minus the cumulative amount of dividends declared is a general description of __________ earnings.
RETAINED ETNDEIRA15. A distribution of a part of a corporation's earnings to its stockholders.
DIVIDEND VDDIENID16. A corporation might ___________ its retained earnings because of a future cash need.
RESTRICT ITERTSRC17. A stock ________ will not cause a change in the balances of the stockholders' equity accounts.
SPLIT PITSL18. A corporation that has omitted the dividends on its cumulative preferred stock needs to disclose that it has dividends in __________.
ARREARS RSARRAE19. 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 RASYRUTE20. Preferred stock will have preferential treatment over common stock in liquidation and _____________.
DIVIDENDS VEIDDDSINFeatured Review
"I have been doing bookkeeping for over 20 years, mostly for easy clients with no assets. Becoming a PRO user helps me when I occasionally take on a client with a more complex business. With one client in particular, I came across a situation I was not quite sure how to handle. I was able to go to AccountingCoach and quickly resolve my dilemma! The platform is awesome. It is so easy to maneuver around. I love being able to take the ‘Quick Tests’, which are a great refresher. I love the ‘Questions Answered’ portion as well. This is a great program for not only the seasoned bookkeepers, but also for the ones just breaking into the business." - Deborah R.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,645 reviewsWe now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping: