Match each of the following stockholders' equity concepts to the appropriate term (a – h).   Question 41 options:   limited liability   public corporation   corporation   dividends   articles of incorporation   private corporation   board of directors   bylaws   1. Document which formally creates a corporation 2. Creditors cannot pursue stockholders' personal assets to satisfy claims 3. The rules and procedures 4. A legal entity, separate from the people who create and operate it 5. A company whose shares can be bought and sold in public markets 6. Group which meets periodically to establish corporate policies 7. A company whose shares are not bought or sold in public markets 8. Corporate income distributed to stockholders

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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Match each of the following stockholders' equity concepts to the appropriate term (a – h).

 

Question 41 options:

 

limited liability

 

public corporation

 

corporation

 

dividends

 

articles of incorporation

 

private corporation

 

board of directors

 

bylaws

 
1.

Document which formally creates a corporation

2.

Creditors cannot pursue stockholders' personal assets to satisfy claims

3.

The rules and procedures

4.

A legal entity, separate from the people who create and operate it

5.

A company whose shares can be bought and sold in public markets

6.

Group which meets periodically to establish corporate policies

7.

A company whose shares are not bought or sold in public markets

8.

Corporate income distributed to stockholders

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