Accounting Chapter 9 Questions And Graded Answers.
Goods that a business purchases in order to sell. (p. 244) - merchandise
A business that purchases and resells goods. (p. 244) - Merchandising business
A merchandising business that sells to those who use or consume the goods. (p. 244) -
Retail merchandising business
A business that buys and resells merchandise primarily to other merchandising businesses. (p.
244) - wholesale merchandising business
An organization with the legal rights of a person which many persons or other corporations may
own. (p. 244) - Corporation
The assets or other financial resources available to a business. (p. 244) - Capital
Each unit of ownership in a corporation. (p. 244) - Share of stock
The owner of one or more shares of stock. (p. 244) - Stockholder
The total shares of ownership in a corporation. (p. 244) - Capital stock
A legal document that identifies basic characteristics of a corporation. (p. 244) - articles of
incorporation
The legal right for a business to conduct operations as a corporation. (p. 244) - Charter
Goods that a business purchases in order to sell. (p. 244) - merchandise
A business that purchases and resells goods. (p. 244) - Merchandising business
A merchandising business that sells to those who use or consume the goods. (p. 244) -
Retail merchandising business
A business that buys and resells merchandise primarily to other merchandising businesses. (p.
244) - wholesale merchandising business
An organization with the legal rights of a person which many persons or other corporations may
own. (p. 244) - Corporation
The assets or other financial resources available to a business. (p. 244) - Capital
Each unit of ownership in a corporation. (p. 244) - Share of stock
The owner of one or more shares of stock. (p. 244) - Stockholder
The total shares of ownership in a corporation. (p. 244) - Capital stock
A legal document that identifies basic characteristics of a corporation. (p. 244) - articles of
incorporation
The legal right for a business to conduct operations as a corporation. (p. 244) - Charter
