A Transaction Whereby the Tenant Transfers Away Her Entire Interest

question 36

Multiple Choice

A transaction whereby the tenant transfers away her entire interest under a lease is called a(n) :

• A) sublease.
• B) assignment.
• C) eviction.
• D) abandonment.

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Definitions:

Stock Dividend

A dividend payment made in the form of additional shares rather than cash, increasing the number of shares owned by shareholders.

Retained Earnings

The portion of net income that is retained by a company rather than distributed to its shareholders as dividends.

Contributed Capital

Funds raised by a company in exchange for its shares, representing the equity capital contributed by the shareholders.

Cumulative Preferred Stock

A type of preferred stock where dividends accumulate if not paid in a given period, and must be paid out before common shareholders can receive dividends.