1. A is an artificial being, existing only in contemplation of law.

2. A corporation is created by obtaining a from one of the states.

3. A is a corporation which has shares of stock owned by relatively few persons.

4. The taxing of income to the corporation, and the subsequent taxing of dividends to the stockholders is commonly termed .

5. The allows existing shareholders the opportunity to maintain their respective interests in a corporate entity by acquiring additional shares on a pro rata basis.

6. The feature that allows a corporation to reacquire stock, at the corporation's option, is commonly known as the feature; the feature that allows the shareholder to exchange preferred shares for common shares is called the feature.

7. The significance of par value is that it represents per share of stock.

8. A debit balance in Retained Earnings is commonly referred to as a .

9. The is the date that corporate records are reviewed to determine who will receive a previously declared dividend.

10. The number of shares that a corporation is permitted to issue is termed the shares, whereas the number of shares actually issued and held by stockholders is termed shares.

11. For a preferred stock to have dividends in arrears, it must be .

12. Corporations frequently purchase shares of their own stock. These shares are termed .

13. When a corporation reissues treasury stock at more than its cost, the account should be increased.

14. A involves increasing the number of shares outstanding and reducing the stock's par or stated value per share.

15. Accounting for a small stock dividend is based on value.