9-1 Terms

4. ________business is a business that purchases and resells goods.
6. The owner of one or more shares of stock.
8. The state approves the formation of a corporation by issuing a __________.
9. The assets or other financial resources available to a business.
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.
12. ______ stock is the total shares of ownership in a corporation.
13. _________ledger A ledger that is summarized in a single general ledger account.
15. _________merchandising business buys and resells merchandise primarily to other merchandising businesses.

1. _________ledger The subsidiary ledger containing vendor accounts
2. An organization with the legal rights of a person which many persons or other corporations may own.
3. A business from which merchandise, supplies, or other assets are purchased.
5. Goods that a business purchases to sell.
7. ________merchandising business is a merchandising business that sells to those that consume goods.
11. _______of stock is each unit of ownership in a corporation.
14. _______account is an account in a general ledger that summarizes all accounts in a subsidiary ledger.