9-1 Terms

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Across
  1. 4. ________business is a business that purchases and resells goods.
  2. 6. The owner of one or more shares of stock.
  3. 8. The state approves the formation of a corporation by issuing a __________.
  4. 9. The assets or other financial resources available to a business.
  5. 10. ________of incorporation are a legal document that identifies basic characteristics of a corporation, is a part of the application submitted to a state to become a corporation.
  6. 12. ______ stock is the total shares of ownership in a corporation.
  7. 13. _________ledger A ledger that is summarized in a single general ledger account.
  8. 15. _________merchandising business buys and resells merchandise primarily to other merchandising businesses.
Down
  1. 1. _________ledger The subsidiary ledger containing vendor accounts
  2. 2. An organization with the legal rights of a person which many persons or other corporations may own.
  3. 3. A business from which merchandise, supplies, or other assets are purchased.
  4. 5. Goods that a business purchases to sell.
  5. 7. ________merchandising business is a merchandising business that sells to those that consume goods.
  6. 11. _______of stock is each unit of ownership in a corporation.
  7. 14. _______account is an account in a general ledger that summarizes all accounts in a subsidiary ledger.