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1. The proceeds from issuing common or preferred stock is reported as paid-in or contributed ____________.
CAPITAL PLTAACI3. If a corporation has only one type of stock it will be __________ stock.
COMMON CONOMM4. A corporation's income statement will not report a gain or loss from transactions involving its own ___________.
STOCK CTSKO5. The cumulative amount of other ______________ income is reported as a separate amount within stockholders' equity.
COMPREHENSIVE EHPRMSOVNCEIE6. A corporation's own stock that it has repurchased, but has not retired is _____________ stock.
TREASURY RAUSRTEY7. At the time that a corporation's board of directors declares a cash dividend, a current ____________ is created.
LIABILITY ILYIILABT8. 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 KRAETM9. A 100% stock dividend will provide stockholders with the same number of shares as a 2-for-1 stock _________.
SPLIT TSILP10. A cash dividend is based on the number of __________________ shares of stock.
OUTSTANDING GSTIOUDNATN12. Stockholders' equity reports the owners' residual interest in the corporation's _________.
ASSETS SEASST13. A major advantage of the corporation as a form of business is the stockholders' _________ liability.
LIMITED DEILMIT14. The cumulative amount of the corporation's earnings minus the cumulative amount of dividends declared is a general description of __________ earnings.
RETAINED DTNEREIA15. A distribution of a part of a corporation's earnings to its stockholders.
DIVIDEND DNIVDDIE16. A corporation might ___________ its retained earnings because of a future cash need.
RESTRICT ERRTSICT17. A stock ________ will not cause a change in the balances of the stockholders' equity accounts.
SPLIT IPTLS18. A corporation that has omitted the dividends on its cumulative preferred stock needs to disclose that it has dividends in __________.
ARREARS RRASAER19. 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 ATYSRUER20. Preferred stock will have preferential treatment over common stock in liquidation and _____________.
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