Directions: For each of the definitions, write the letter of the appropriate term in the space provided.
a. Corporation
b. Retained Earnings Statement
c. Stock dividend
d. Sole proprietorship
e. Balance Sheet
f. Partnership
g. Cash dividend
h. Income Statement
1. A business that is owned by one individual.
2. A business that is owned by two or more individuals.
3. A business that is owned by stockholders.
4. A proportional issuance of additional stock shares to a corporation’s stockholders.
5. An amount paid per share of common stock outstanding to stockholders of record.
6. A report that contains a section referred to as the stockholders’ equity section, which reports the investment of the stockholders and the net income retained in the business.
7. A report that contains the amount of income tax expense for a corporation.
8. A report that shows the changes in a corporation’s retained earnings from one period to the next.