ACCO 112- Partial Test II-Workshop ameia &coto points Matching - Select the letter from the right column that matches up the statement on the left. (30 a. The amount that must be retained in the business for the Cash dividend protection of creditors. b. The date dividends are transferred to stockholders. c. The amount assigned to each share of stock in the corporate Declaration date Dividend Payment date Record date d. Corporation's own stock that has been reacquired by the e. The date when ownership of outstanding shares is determined f. The date the board of directors formally declares (authorizes) g. A corporation's distribution of cash or stock to its stockholders h. Total amount paid-in on capital stock. charter corporation but not retired. dividend purposes dividend and announces it to stockholders. a pro rata (proportional) basis. Legal capital Cumulative feature Treasury stock Paid-in capital -Par value i. Preferred stockholders have a right to receive current and un prior-year dividends before common stockholders receive ar dividends j. A pro rata distribution of cash to stockholders. e or False - Determine if the following statements are True (T) or False (F). (30 points) When no-par value stock does not have a stated value, the entire proceeds from the issuance of the stock become legal capital. A corporation can issue more shares than it is authorized in its charter, if the board of directors of an increase in the number of authorized shares. Each stockholder in a corporation has a separate capital account in the stockholders' equity se of the balance sheet ividends are declared out of retained earnings