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Match the Following Definition with the Terms Listed Above

Question 152

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Match the following definition with the terms listed above.

Premises:
Installment purchase contract with an investor.
An independent party hired to handle the stock issuance.
Maintains the shareholders records.
The ability to elect directors.
Maintains a proportionate share of ownership.
Shares authorized by state charter.
Stocks that were issued and reacquired by the corporation.
To protect the corporations creditors.
No-par value
The excess received is recorded in this account.
Responses:
Additional paid in capital
Authorized capital stock
Legal capital
Preemptive right
Registrar
Stated value
Subscribed capital stock
Transfer agent
Treasury stock
Voting right

Correct Answer:

Installment purchase contract with an investor.
An independent party hired to handle the stock issuance.
Maintains the shareholders records.
The ability to elect directors.
Maintains a proportionate share of ownership.
Shares authorized by state charter.
Stocks that were issued and reacquired by the corporation.
To protect the corporations creditors.
No-par value
The excess received is recorded in this account.
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