Match the following terms with their definitions (notevery letter is used)1. Outstanding stock2. Issued stockAuthorized stock4. Paid-in CapitalRetained earningsa. The earnings not paid out in dividends.b. Shareholders can lose no more than the amount theyinvested in the company.c. The corporation's own stock that is reacquired.d. The amount invested by stockholders.e. Total number of shares available to sell.f. Shares can be returned to the corporation at apredetermined price.g. Shares held by investors.h. Shares receive priority for future dividends ifdividends are not paid in a given year.i. Shares actually sold.

1-i. Outstanding stock is the shares actually sold.

Answered: 1. Outstanding stock 2. Issued stock 3.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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q17
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1. Outstanding stock 2. Issued stock 3. Authorized stock 4. Paid-in Capital 5. Retained earnings a. The earnings not paid out in dividends. b. Shareholders can lose no more than the amount they invested in the company. c. The corporation's own stock that is reacquired.