Matching Quiz

Match the following terms and definitions


1				The basic voting share issued by a corporation to shareholders.


2				The maximum number of shares of a corporation that can be issued, as specified in the charter.


3				Shares that have been distributed by the corporation.


4				Issued shares that have been reacquired by the company.


5				Shares that are currently held by shareholders (not the corporation itself).


6				An insignificant value per share specified in the charter, which has no relationship to the market value of the share.


7				Shares that have no specified legal value per share in the corporate charter.


8				Cumulative earnings of a company that are not distributed to the owners; profits from the current year and all prior years that are reinvested (“retained”) in the business.


9				The date on which the board of directors officially approves a dividend, thereby creating a liability.


10				The date on which the corporation prepares the list of current shareholders as shown on its records; dividends can be paid only to the shareholders who own shares on that date.


11				The date on which a cash dividend is paid to the shareholders of record.


12				Additional shares of a corporation distributed to shareholders in the form of a dividend.


13				An increase in the total number of authorized shares by a specified ratio; does not affect retained earnings.


14				Shares that have specified rights over common shares.


15				The feature of preferred shares that grants priority on preferred dividends over common dividends.


16				Preferred share feature that requires current dividends not paid in full to accumulate for every year in which they are not paid. These cumulative unpaid amounts (called dividends in arrears) must be paid before any common dividends can be paid.

Answer choices for questions 1 through 16

A)	Stock dividend
B)	Issued shares
C)	Current dividend preference
D)	No-par value shares
E)	Payment date
F)	Outstanding shares
G)	Declaration date
H)	Authorized shares
I)	Stock split
J)	Cumulative dividend preference
K)	Retained Earnings
L)	Common share
M)	Preferred shares
N)	Record date
O)	Par value
P)	Treasury shares

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