Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 8

Following are a number of the key terms and concepts introduced in the chapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–10). Note that not all key terms and concepts will be used.

a. Proprietor’s capital	j. Participating preferred stock
b. Partners’ capital	k. Callable preferred stock
c. Common stock	l. Convertible preferred stock
d. Capital stock	m. Liquidating or redemption value
e. Inside director	n. Legal capital
f. Outside director	o. No-par-value
g. Cumulative voting	p. Stated value
h. Slate voting	q. Accumulated deficit
i. Par value	r. Retained earnings

_____A member of the firm’s board of directors who is not also an officer or employee of the firm.