II. Identification. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Shaum's Outline Series - Theory and Problems of Accounting II, 2nd ed. By: James A. Cashim and Joel J. Lerner. 11. Accounting 2 - Partnership and Corporation Accounting 80 12. 13. A (_____) corporation is one which is widely held, and is owned or controlled by private individuals or entities. 14. Referring to No. 1, its main objectives are (___) and to remain solvent. A corporation whose capital is divided into shares of stock and whose owners receive distribution of profits is known as a (____) corporation. 15. The opposite of No. 3, it is generally a non-profit organization, usually put up for educational, charitable or a specific mission, and is referred to as a _) corporation. A (____) corporation is one whose ownership is not open to the general public but is held by a family or a small group of stockholders. The most important advantage of the corporation, whose ownership is open to the general public, is (____). The most important advantage offered by a corporation to its stockholders is the ___). The top-policy making body of a corporation, elected by the stockholders, and vested by law with its over all management and protection of stockholders' interest, is known as _______) and (_). The major sources of corporate capital are ( The ) is the government agency which regulates the formation and operation of a corporation. The document filed with the answer to No. 10, containing such information as purposes for which the corporation as organized, names and subscription of incorporations, and authorized capital stock, is known as The document containing the rules and regulations governing the internal administration and organization of the corporation is called (_______). A (___) preferred stock is one which is entitled to payment of dividends in arrears before any dividends are paid to common. The most important advantage of common Stock over preferred stock is u The right to maintain the same fractional interest in the corporation by having priority to purchase a proportionate number of shares of any additional issuance of stock is known as (___). II. Identification. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Shaum's Outline Series - Theory and Problems of Accounting II, 2nd ed. By: James A. Cashim and Joel J. Lerner. 11. Accounting 2- Partnership and Corporation Accounting 80 12. 13. A (_____) corporation is one which is widely held, and is owned or controlled by private individuals or entities. 14. Referring to No. 1, its main objectives are (______) and to remain solvent. A corporation whose capital is divided into shares of stock and whose owners receive distribution of profits is known as a (_____) corporation. 15. The opposite of No. 3, it is generally a non-profit organization, usually put up for educational, charitable or a specific mission, and is referred to as a _) corporation. A (__) corporation is one whose ownership is not open to the general public but is held by a family or a small group of stockholders. The most important advantage of the corporation, whose ownership is open to the general public, is (____). The most important advantage offered by a corporation to its stockholders is the ). The top-policy making body of a corporation, elected by the stockholders, and vested by law with its over all management and protection of stockholders' interest, is known as (______) and (). The major sources of corporate capital are ( The ) is the government agency which regulates the formation and operation of a corporation. The document filed with the answer to No. 10, containing such information as purposes for which the corporation as organized, names and subscription of incorporations, and authorized capital stock, is known as The document containing the rules and regulations governing the internal administration and organization of the corporation is called (_______). A (______) preferred stock is one which is entitled to payment of dividends in arrears before any dividends are paid to common. The most important advantage of common Stock over preferred stock is u The right to maintain the same fractional interest in the corporation by having priority to purchase a proportionate number of shares of any additional issuance of stock is known as (___).