Match terms with their definitions (LO10-1) E10-1 Match (by letter) the following terms with their definitions. Each letter is used only once. Terms 1. Limited liability company. 2. Limited liability. 3. Articles of incorporation. 4. Organization chart. 5. S corporation. 6. Publicly held corporation. 7. Initial public offering. 8. Double taxation. Definitions: a. Allows for legal treatment as a corporation, but tax treatment as a partnership. b. Has stock traded on a stock exchange such as the New York Stock Exchange (NYSE). c. The first time a corporation issues stock to the public. d. Describes (a) the nature of the firm's business activities, (b) the shares to be issued, and (c) the composition of the initial board of directors. e. Shareholders can lose no more than the amount they invest in the company. f. Corporate earnings are taxed twice-at the corporate level and individual shareholder level. g. Like an S corporation, but there are no limitations on the number of owners as in an S corporation.h. Traces the line of authority within the corporation. Explain the meaning of terms used in stockholders' equity (LO10-2, 10-3, 10-4) E10-2 Your friend, Jonathon Fain, is an engineering major with an entrepreneurial spirit. He wants to start his own corporation and needs your accounting expertise. He has no idea what the following terms mean: (1) authorized stock, (2) issued stock, (3) outstanding stock, (4) preferred stock, and (5) treasury stock. Required: Write a note to Jonathon carefully explaining what each term means and how they are different from each other