Exercises I. In your Workbook, write down the word or phrase that corresponds to each of the following definitions. A list of words and phrases is given below. A. A corporation that does not obtain its capital from the general public B. The true owners of a corporation C. A company which by law has an existence separate and distinct from its owners D. The restricted responsibility for the debts of a corporation E. Acertificate indicating how much ownership a person has in a corporation F. The group of shareholders who are elected to control the operations of the company G. A person who owns shares in a company H. An amount of earnings declared by the board of directors to be distrib- uted to the shareholders of a corporation in proportion to their holdings of shares I. The day on which the directors meet and vote for the dividend J. The day as of which it is determined who owns the company shares and therefore who is to receive the dividends K. The account used to show the liability for dividends List of Words or Phrases board of directors date of record private corporation dividend common shareholders dividend payable shareholder share certificate corporation limited liability date of declaration