The following are 10 technical accounting terms introduced or emphasized in Chapters 11 and 12.

P/e ratio
Treasury stock
Discontinued operations
Stock dividend
Unusual or infrequent item
Prior period adjustment
Basic earnings per share
Additional paid-in capital
Diluted earnings per share
Comprehensive income

Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the term described, or answer “None” if the statement does not correctly describe any of the terms.

a. A loss from tornado damage in a location where tornadoes are extremely rare.

b. The asset represented by shares of capital stock that have not yet been issued.

c. A distribution of additional shares of stock that reduces retained earnings but causes no change in total stockholders’ equity.

d. The amount received when stock is sold in excess of par value.

e. An adjustment to the beginning balance of retained earnings to correct an error previously made in the measurement of net income.

f. A figure expressing a relationship between the current market value of a share of common stock and the underlying earnings per share.

g. A separate section sometimes included in an income statement as a way to help investors evaluate the profitability of ongoing business activities.

h. A figure indicating what earnings per share would have been if all securities convertible into common stock had been converted at the beginning of the current year.

i. A broadly defined measure of financial performance that includes, but is not limited to, net income.