Match the following definitions (or partial definitions) to the appropriate term. Each term may be used once
Question:
Definition (or Partial Definition)
a. An institution charged with responsibility for avoiding overissuance of a corporation’s stock
b. An institution responsible for maintaining detailed records of shareholders and handling changes of ownership of stock ownership
c. Cash or other assets set aside for the retirement of a debt
d. Shares of its own stock acquired by a corporation for the purpose of being reissued at a later date
e. The formal agreement between bondholders and the issuer as to the terms of the debt
Term
1. Common stock
2. Debenture bond
3. Sinking fund
4. Stock certificate book
5. Stock certificate holder
6. Stock registrar
7. Stock transfer agent
8. Treasury stock
9. Trust indenture
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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