Accounting Terminology Each of the Following Statements May (Or May Not) Describe

question 131

Essay

Accounting terminology.
Listed below are nine technical accounting terms introduced in this chapter:
$\begin{array}{lll}\text { Corporation } & \text { Par value } & \text { Dividend }\\\text { Preference share } & \text { Treasury share } & \begin{array}{l}\text { Issued and fully } \\\text { paid capital }\end{array} \\\text { Ordinary share } & \text { Underwriter } & \begin{array}{l}\text { Retained earnings }\end{array}\end{array}$ Each of the following statements may (or may not) describe one of these technical terms. In the space provided below 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 share 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 share issue and then makes a profit by selling the shares to the investing public at a higher price.
(d) Shares of a corporation's shares that have been issued and then reacquired, but not cancelled.
(e) An element of shareholders' equity arising from profitable operation of business.
(f) The type of share most likely to increase dramatically in value if the issuing corporation is extremely successful.
(g) Amounts invested in a corporation by its shareholders.

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Definitions:

Homozygous Normal

A genetic condition where an individual has two identical alleles for a trait that are considered the standard or "normal."

Heterozygous

Having two different alleles at the same locus on a chromosome, resulting in genetic variation for a particular trait.

Gene Therapy

Gene therapy is a medical treatment designed to rectify genetic disorders by introducing, removing, or altering genetic material within a patient's cells.

Mutant Allele

A version of a gene that has undergone a mutation, causing it to differ from the normal allele and possibly lead to a different trait or phenotype.