Question 1 Match the following statements to the appropriate terms Net income retained in the corporation. The amount that must be retained in the business for the protection of creditors Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends. Preemptive right Creditors only have corporate assets to satisfy their claims. Responsible to stockholders for corporate activity. The amount assigned to each share of stock in the corporate charter. Unit of ownership in a corporation. Enables stockholders to maintain their same percentage ownership when new shares are issued. Corporation's own stock that has been reacquired by the corporation but not retired. Total amount paid-in on capital stock. Capital stock Board of directors Legal capital Treasury stock Par value Retained earnings Paid-in capital Cumulative feature