Identification: Complete the following sentences by filling the blanks with the correct word or words. Write your answer on the blank space before each number. 1. The undistributed accumulated earnings of a corporation are known as 2. If accumulated losses exceed accumulated profits, the r result is a 3. Retained earnings put in reserve or set aside for specific purposes are known as 4. otherwise, they are called 5. Distribution of profits to stockholders, authorized by the board of directors, is known as 6. In the event of a firms liquidation, distribution could be made from 7. A pro rata distribution of stocks to stockholders is termed 8. The liability to pay the dividends must be recorded as of the date of 9. The date of determines which stockholders are to receive dividends. 1 10. The peso equity of each share of stock in the corporate capital is known as