Match the correct terms listed to the explanations on the picture uploaded. Use this terms to correctly match the explanations:

Authorized shares

Retained earnings

Dividend

Issued shares

Initial public offering

Convertinle preffeted shares

Preffered shareholders

Cumulative prefered shares

Publicly held corporation

The type of corporation whose shares are traded in an organized security market such as the Toronto Stock Exchange The maximum number of shares a corporation is allowed to sell The number of shares a corporation has actually sold The first time a corporation's shares are offered to the public The account in a corporation's shareholder's equity that is increased by profits and decreased by losses Shareholders that have the right to receive money from corporation before common shareholders A class of shares that allows preferred shareholders to exchange their shares for common shares A class of shares that allows a corporation to collect unpaid dividends on preferred shares before common shareholders can receive a dividend A distribution of profit made to shareholders