Match the Terms with the Definitions

question 31

Multiple Choice

Match the terms with the definitions.
-The process of taxing corporate income both to the company that earns it and to the owners who receive it.

• A)authorized stock
• B)board of directors
• C)bylaws
• D)premium
• E)capital stock subscription
• F)preferred stock
• G)paid-in capital
• H)cumulative preferred stock
• I)dividends
• J)double taxation
• K)outstanding stock
• L)no-par stock

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Definitions:

Assignment

The transfer of rights, property, or obligations from one party to another, often seen in contracts or legal agreements.

Assignee

A person or party to whom rights, interests, or properties are legally transferred.

Assignor

An assignor is an individual or entity who transfers rights or interests in a contract or property to another party, known as the assignee.

Nonperformance

Failure to fulfill a contractual duty or obligation.