Listed below are 12 technical accounting terms discussed in this chapter:

Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the term described, or answer €œNone€ if the statement does not correctly describe any of the terms.
a. A major disadvantage of the corporate form of organization.
b. From investors€™ point of view, the most important value associated with capital stock.
c. Cash available for distribution to the stockholders.
d. The class of capital stock that normally has the most voting power.
e. A distribution of assets that may be made in future years to the holders of common stock.
f. A corporation whose shares are traded on an organized stock exchange.
g. Equity arising from investments by owners.
h. The element of stockholders€™ equity that is increased by net income.
i. Total assets divided by the number of common shares outstanding.
j. The class of stock for which market price normally rises as interest ratesincrease.

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Par value Book value Market value Retained earnings Board of directors Paid-i Preferred stock Common stock Double taxation Dividends in arrears Closely held corporation Publicly owned corporation in capital