Question

Match the following stockholders' equity concepts to the appropriate term (a - g).

-       a.       b.       c.       d.       e.       f.       g.	Shares of common stock that were issued and then reacquired by a company
-       a.       b.       c.       d.       e.       f.       g.	Owners of this class of stock are entitled to receive dividends first
-       a.       b.       c.       d.       e.       f.       g.	Cash distribution of a company’s earnings to stockholders
-       a.       b.       c.       d.       e.       f.       g.	Account used when shares are issued for an amount greater than par value
-       a.       b.       c.       d.       e.       f.       g.	A dividend event that creates a liability to company
-       a.       b.       c.       d.       e.       f.       g.	The date that is used to determine which owners of stock will receive the current dividend
-       a.       b.       c.       d.       e.       f.       g.	The date when dividends are actually distributed to stockholders

a.	cash dividend
b.	date of record
c.	date of declaration
d.	treasury stock
e.	preferred stock
f.	date of payment
g.	Paid-In Capital in Excess of Par

Answer 1

Treasury stock	Shares of common stock that were issued and then reacquired by a company
Preferred stock	Owners of this class of stock are entitled to receive dividends first
Cash dividend	Cash distribution of a company’s earnings to stockholders
Paid-In Capital in Excess of Par	Account used when shares are issued for an amount greater than par value
Date of declaration	A dividend event that creates a liability to company
Date of record	The date that is used to determine which owners of stock will receive the current dividend
Date of payment	The date when dividends are actually distributed to stockholders