Our Puzzling Economy

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Across
  1. 2. is the sum of net income and non-cash charges
  2. 5. formal contract to repay borrowed money with interest
  3. 6. a business owned and run by a single individual
  4. 10. form of corporate ownership without vote, in which stockholders get their investments back before common stockholders
  5. 11. a combination of two or more businesses to form a single firm
  6. 13. people who own a share or shares of stock in a corporation
  7. 14. most frequently used form of corporate ownership, with one vote per share for stockholders
  8. 15. that is jointly owned by two or more persons
  9. 16. amount borrowed when getting a loan or issuing a bond
  10. 18. owner is personally and fully responsible for all losses and debts of the business
  11. 20. ownership certificates in the firm
  12. 21. people who own a share or shares of stock in a corporation
  13. 22. firm legally ceases to exist when the owner dies, quits, or sells the business
  14. 24. one partner is not active in the daily running
  15. 25. check that transfers a portion of the company profits to stockholders, usually quarterly
Down
  1. 1. a business owned and run by a single individual
  2. 3. a report showing a business’s sales, expenses, net income, and cash flows for a period of time
  3. 4. stock of finished goods and parts in reserve
  4. 7. is a non-cash charge the firm takes for the general wear and tear on its capital goods
  5. 8. taxation of dividends both as corporate profit and as personal income
  6. 9. funds left over after all of the firm’s expenses
  7. 12. form of business organization recognized by law as a separate legal entity with all the rights of an individual
  8. 17. partners are responsible for the management and financial obligations of the business
  9. 19. payment made for the use of borrowed money
  10. 23. government document that gives permission to create a corporation