Bonds
This type of bond uses collateral to secure the claim of the bondholder.
Secured Bonds
This type of stock allows stockholder's to vote and attend stockholder meetings
Common Stockholders
This type of valuation is the most widely used and divides equal depreciation over the useful life of the asset
Straight-Line Method
This type of hybrid corporation pays no income tax and requires shareholders to file profits on their individual tax returns
Subchapter S Corporation aka S-Corp
This type of depreciation is used for the depreciation of natural resources
These types of bonds mature at different points in time
Serial-Maturity Bonds
This type of stock provides preferred liquidation payouts in the event of a bankruptcy
Preferred Stock
This type of valuation uses a rate equal to twice the Straight-Line rate to determine depreciation
This type of hybrid corporation allows partners to have liability for their own actions and the actions of those under their supervision
Limited Liability Partnership (LLP)
The estimated resale value of an asset at the end of its useful life
Salvage
These types of bonds do not require the bondholder's name be listed
Unregistered Bonds
This type of stock results when a corporation buys back previously owned stock from an external stockholder
Treasury Stock
This type of depreciation is an accelerated method that uses a constant percentage to determine annual depreciation
This type of hybrid corporation is only allowed for service professionals in some states
Limited Liability Partnership (LLP)
A situation that occurs when the asset is determined to have a fair market valueless than its book value
Impairment
These types of bonds allow the owner the right to convert bonds into common stock under specified conditions
Convertible Bonds
This type of stock pays a cumulative dividend if a dividend is not paid in the prior year
Cumulative Preferred Stock
The Matching Principle of Depreciation matches the cost of ........ to the cost of ....... within an accounting period
Expenses and Revenues
This type of hybrid corporation allows owners to take part in policy and operating decision making
Limited Liability Corporation (LLC)
Which inventory valuation method weights more heavily to the oldest inventory?
Last In, First Out (LIFO)
Unsecured bonds are also known as this type of bond
Coupon Bonds
What type of stock has no assigned value on the stock certificate and can have it's value determined by the Board of Directors
No-Par-Value Stock
Name the Three Methods of Disposal
Scrapping/Discarding
Sale
Trade-In
What are one advantage and one disadvantage of the Corporate form?
Advantages: Limited Liability; Restricted Agency; Continuous Existence; Transferability of Ownership Rights
Disadvantages: Corporate Income Tax; Governmental Regulations
Why might a company purchase their own stock?
Excess Cash
Employee Incentives
Increase Market Value
To Buy-Out Shareholders (Retirement, Liquidity)