Match Each of the Following Stockholders' Equity Concepts to the Appropriate

question 45

Short Answer

Match each of the following stockholders' equity concepts to the appropriate term (a-h).
-Document which formally creates a corporation
A)articles of incorporation
B)limited liability
C)bylaws
D)corporation
E)public corporation
F)board of directors
G)private corporation
H)dividends

• A)articles of incorporation
• B)limited liability
• C)bylaws
• D)corporation
• E)public corporation
• F)board of directors
• G)private corporation
• H)dividends

Recognize the benefits of trade between countries based on the principle of comparative advantage.

Analyze the concept of absolute advantage in the production of goods.

Interpret production possibility frontiers and their implications for trade and specialization.

Evaluate the impact of specialization and trade on world production and consumption.

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Definitions:

Capital Cost Allowance

A taxable expense in Canada that allows a business to deduct the cost of a capital asset over time.

Half-Year Rule

A tax rule in some jurisdictions that allows only half the usual depreciation expense deduction in the year that a capital asset is acquired.

Straight-Line

A method of calculating depreciation of an asset which assumes the asset depreciates equally over its useful life.

Tax Basis

The value of an asset for tax purposes, used to calculate capital gains or losses upon disposition of the asset.