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

Exercise 121

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 system of voting for directors of a firm in which votes equal to the number of shares owned are cast for a single slate of candidates.