Match each of the following stockholders' equity concepts to the most appropriate term (a-h).
-A class of stock having first rights to dividends of a corporation
A)Authorized shares
B)Issued shares
C)Outstanding shares
D)Par value
E)Common stock
F)Preferred stock
G)Paid-In Capital in Excess of Par
H)Transfer agent

Question

Quizplus · Accepted Answer

Preferred stock is a class of stock that often gives first rights to dividends and also typically has a fixed dividend rate.

Answer: G 
 Paid-In Capital in Excess of Par is the amount that investors paid for shares of stock above the par value, which represents additional capital that the company can use for operations or investments.

Answer: H 
 A transfer agent is a designated organization responsible for tracking the ownership and transfer of a company's stocks, including issuing and cancelling shares, maintaining records, and facilitating communication with shareholders.

Match Each of the Following Stockholders' Equity Concepts to the Most