1. Match the items below by entering the appropriate code number in the space provided. (Points : 5)

Potential Matches:

1 : The amount assigned to each share of stock in the corporate charter.

2 : Net income retained in the corporation.

3 : Creditors only have corporate assets to satisfy their claims.

4 : Responsible to stockholders for corporate activity.

5 : Corporation's own stock that has been reacquired by the corporation but not retired.

6 : Enables stockholders to maintain their same percentage ownership when new shares are issued.

7 : Unit of ownership in a corporation.

8 : The amount that must be retained in the business for the protection of creditors.

9 : Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.

10 : Total amount paid-in on capital stock.

Answer

: Limited liability

: Capital stock

: Board of directors

: Paid-in capital

: Retained earnings

: Preemptive right

: Par value

: Legal capital

: Treasury stock

: Cumulative feature