Listed are 12 technical accounting terms discussed in this chapter: Par value Book value Market value Retained earnings Board of directors Paid-in capital Preferred stock Common stock Double taxation Dividends in arrears Closely held corporation Publicly owned corporation Required: 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. 8 Answer is complete but not entirely correct. a. A major disadvantage of the corporate form of organization. b. From investors' point of view, the most important value associated with capital stock. c. Cash avallable for ditribution to the stockholders. d. The class of capital stock that normally has the most voting power. c. A distribution of assets that may be made in future years to the holders of common stock. f. A corporation whose shares are traded on an organized stock exchange. 9. Equity arising from investments by owners. h. The element of stockholders' equity that is increased by net inceme. 1. Total assets divided by the number of common shares outstanding. 1. The class of stock for which market price normally rises as intorest rates increase. \begin{tabular}{|lr|} \hline Double taxation & \\ \hline Market value & 0 \\ \hline Closely heid corporation & 0 \\ \hline Common stock & 0 \\ \hline Preffored stock & 0 \\ \hline Publicly owned corporation & 0 \\ \hline Paid-in copital & 0 \\ \hline Retained eamings & 0 \\ \hline Market value & 0 \\ \hline None & 0 \\ \hline \end{tabular}