Complete each of the following statements with one of the terms listed here.

a. The right to maintain one’s proportionate ownership in the corporation is the right of ___________.

b. The right to receive a proportionate share of any assets remaining after the corporation goes out of business, sells its assets, and pays off its liabilities is the right of ____________.

c. The stockholders’ ownership interest in the assets of the corporation is called ____________.

d. ____________ is the legal concept that means stockholders can lose no more than the cost of their investment in the company.

e. The authorization from the state to issue a certain number of shares of stock is granted through the corporation’s ____________.

f. The arbitrary amount assigned to each share of stock when it is originally authorized is its ____________.
g. ____________ is a hybrid form of capital stock resembling both equity and debt that pays a fixed dividend.

h. ____________ is the basic form of capital stock.

i. The ____________ is elected by stockholders.

j. The business entity formed under state law that has a separate legal identity from its owners is a ____________.

k. The total of the par value of all of the shares issued is the corporation’s ____________.

l. ____________ represents the amount of stockholders’ equity that the corporation has earned through profitable operations less any dividends declared.

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Board of directors Corporation Charter Common stock Limited liability Legal capital Liquidation Preferred stock Par value Preemption Retained earnings Stockholders' equity