Match the items below by selecting the appropriate number in the space provided.
Net income retained in the corporation.
The amount that must be retained in the business for the protection of creditors.
Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends.
Creditors only have corporate assets to satisfy their claims.
Responsible to stockholders for corporate activity.
The amount assigned to each share of stock in the corporate charter.
Unit of ownership in a corporation.
Enables stockholders to maintain their same percentage ownership when new shares are issued.
Corporation's own stock that has been reacquired by the corporation but not retired.
Total amount paid-in on capital stock.
1. Limited liability
2. Capital stock
3. Board of directors
4. Paid-in capital
5. Retained earnings
6. Preemptive right
7. Par value
8. Legal capital
9. Treasury stock
10. Cumulative feature