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Accounting terminology
Listed below are nine technical accounting terms introduced in this chapter:
Each of the following statements may (or may not) describe one of these technical terms. In the space provided beside each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms.
____ (a) The type of stock whose owners have little say in management of the corporation and whose annual dividend is limited to a preset amount.
____ (b) Distribution of cash or other company assets to the owners of a corporation.
____ (c) An investment banking firm that guarantees an issuing corporation a specific price for a stock issue and then makes a profit by selling the shares to the investing public at a higher price.
____ (d) Shares of a corporation's stock that have been issued and then reacquired, but not cancelled.
____ (e) An element of stockholders' equity arising from the profitable operations of a business.
____ (f) The type of stock most likely to increase dramatically in value if the issuing corporation is extremely successful.
____ (g) Amounts invested in a corporation by its stockholders.
Congress
A formal meeting or assembly of representatives for discussion and legislation, or the national legislative body of a country, especially in the United States.
Conflagration
A large and destructive fire that causes significant damage and loss.
Evaluation
The systematic assessment of the value, effectiveness, or impact of a program, policy, or intervention, often based on predefined criteria.
Service Objective
A specific, targeted outcome or goal that a service aims to achieve, guiding the direction and strategies of the service provision.
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