| A | B |
|---|
| Articles of Incorporation | The application to organize a corporation submitted to the state in which the company is to be incorporated is called the |
| Authorized Capital Stock | the maximum number of shares a corporation is allowed to issue is |
| Board of Directors | The ___ govern and are responsible for the affairs of the corporation |
| Charter | The approved articles of incorporation become the corporations' |
| Common Stock | When a corporation issues only one type of stock, it is called |
| Corporation | A(n) _____ is an artificial legal entity that has rights and responsibilities of its own |
| Double Taxation | ____ refers to the fact that the corporation pays income taxes on its earnings and stockholders pay personal income taxes on dividends received |
| Issued Shares | Shares that have been sold by a corporation are called |
| Legal Capital | ____ is the minimum amount of the capital contribution by stockholders that a corporation must retain in the business to protect creditors |
| No-Par Stock | ____ does not have a dollar value printed onthe stock certificate |
| Outstanding Stock | Stock that is actually in the hands of stockholders is called |
| Par-Value Stock | Stock that has a specific value printed on a stock certificate is |
| Pre-emptive Right | The abilitity of common stockholders to purchase additional shares in proportion to their present holdings is known as |
| Preferred Stock | Owners of ____ are paid dividends before owners of common stock |
| Stated Value | The value assigned to no-par stock by the board of directors is called its |
| Stock | The shares of ownership in a corporation are refered to as |
| Stock Certificate | A(n) ____ is a document that shows how many shares of a corporation;s stock are owned |
| Stockholders | The owners of a corporation are called |
| Stockholders' Ledger | The subsidiary ledger showing the name and address of each stockholder and shoares owned is called |
| Stock Subscription | Selling stock on the installment basis is called |
