1. It refers to the capital of a corporation that cannot be withdrawn until final liquidation. 2. Those who compose the corporation whether shareholders or members or both. 3. This occurs when there is a change in the capital structure of the entity. 4. The residual interest of owners in the net assets of a corporation. 5. It is the earmarking of retained earnings for a certain purpose which may be legal, contractual or voluntary. choices:
1. It refers to the capital of a corporation that cannot be withdrawn until final liquidation. 2. Those who compose the corporation whether shareholders or members or both. 3. This occurs when there is a change in the capital structure of the entity. 4. The residual interest of owners in the net assets of a corporation. 5. It is the earmarking of retained earnings for a certain purpose which may be legal, contractual or voluntary. choices:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. It refers to the capital of a corporation that cannot be withdrawn until final liquidation.
2. Those who compose the corporation whether shareholders or members or both.
3. This occurs when there is a change in the capital structure of the entity.
4. The residual interest of owners in the net assets of a corporation.
5. It is the earmarking of
choices:
Transcribed Image Text:A. Shareholders
N. Outstanding shares
B. Authorized shares
O. Legal capital
С. Ву-laws
P. Eleemosynary corporation
Q. Quasi – Public corporation
R. Close corporation
D. Subscribed shares
E. Share rights
F. Incorporators
G. Appropriation reserve
S. Corporators
T. Treasury shares
U. Issued shares
V. Discount on share capital
W. Ecclesiastical corporation
X. Quasi-private corporation
Y. Ordinary shares
Z. Recapitalization
H. Share premium
I. Contributed capital
J. Non-stock corporation
K. Shareholders' equity
L. Preference shares
M. Articles of Incorporation
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