Match the Items with the Definitions

question 9

Short Answer

Match the items with the definitions.
Items
A. Treasury shares
B. Convertible shares
C. Preferred shares
D. Authorized shares
E. Unissued shares
F. Redeemable shares
G. Cumulative shares
Definitions
____ 1. Shares that may, at the option of the holder, be turned in for another security.
2. Shares that have been issued, repurchased, and are held by the corporation.
____ 3. Shares that have specified rights over common shares.
____ 4. Shares on which dividends in arrears must be paid prior to any current dividends.

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Definitions:

Statement

A general term for any kind of financial report or declaration made by a company or an individual.

Public Sector Accounting Board

A body responsible for setting accounting standards for governmental and other public sector entities.

Tax Revenue

Income that the government receives from taxpayers, including both individuals and businesses, used to fund public services and obligations.

Tax Concessions

Special exemptions, deductions, or credits provided in the tax code to encourage certain business activities or investments.