What is a measure of a company’s liquidity; computed
as current assets divided by current liabilities
100
No par value stock
What is Capital stock that has not been assigned
a value in the corporate charter
100
By laws
What is the internal rules and procedures for conducting
the affairs of a corporation
100
Current Liabilities
What is debts that a company reasonably expects
to pay from existing current assets within the next
year or operating cycle. (
200
Bond Certificate
What is a legal document that indicates the name
of the issuer, the face value of the bonds, and such other
data as the contractual interest rate and maturity date of
the bonds
200
Debts to asset ratio
What is a solvency measure that indicates
the percentage of total assets provided by creditors;
computed as total debt divided by total assets.
200
Par value stock
What is Capital stock that has been assigned a
value per share in the corporate charter.
200
Corporation
What is a business organized as a legal entity separate
and distinct from its owners under state corporation
law
200
Notes Payable
What is obligations in the form of written promissory
notes.
300
Bond Discount
What is the amount by which a bond sells at less
than its face value.
300
Liquidity Ratio
What is a measure the availability of cash to pay debt.
300
Payment Date
What is the date dividend checks are mailed to
stockholders.
300
Privately held corporation
What is a corporation that has only a
few stockholders and whose stock is not available for sale
to the general public.
300
Mortgage Notes Payable
What is a long-term note secured by a
mortgage that pledges title to specific assets as security for
a loan.
400
Bond Indenture
What is a legal document that sets forth the terms
of the bond issue
400
Debt Ratio
What is measure the firm's ability to repay long-term debt
400
Preferred Stock
What is capital stock that has some contractual
preferences over common stock
400
Publicly held corporation
What is a corporation that may have
thousands of stockholders and whose stock is regularly
traded on a national securities exchange
400
Notes Payable
What is written promissory note that require the borrower to pay interest and issued for varying periods.
500
Bond Premium
What is the amount by which a bond sells above its
face value
500
Profitability Ratio
What is a measure the firm's use of its assets and control of its expenses to generate an acceptable rate of return
500
Stock Dividend
What is a pro rata distribution of the corporation’s
own stock to stockholders
500
Organization Costs
What is costs incurred in the formation of a
corporation.
500
Sales taxes payable
What is a liability account in which is stored the aggregate amount of sales taxes.