Across
- 3. at least one partner is not active in the daily running of the business
- 7. noncash charge the firm takes for the general wear and tear on its capital goods
- 8. of manufacturing or marketing join together
- 9. represents basic ownership of a corporation
- 11. represents nonvoting ownership shares of the corporation
- 12. price paid for the use of another’s money
- 13. form of business organization recognized by law as a separate legal entity with all the rights of an individual
- 14. means that the owner is personally and fully responsible for all losses and debts of the business.
- 16. investors to whom the shares are sold
- 19. firm legally ceases to exist when the owner dies, quits, or sells the business
- 21. stockholder dividends are taxed twice
- 24. another name for a shareholder
- 25. When companies involved in different
Down
- 1. business owned and run by a single individual
- 2. all partners are responsible for the management and financial obligations of the business
- 4. check that transfers a portion of the corporate earnings
- 5. stock of finished goods and parts in reserve
- 6. report showing a business’s sales, expenses, net income, and cash flows for a period of time
- 10. the amount borrowed
- 15. funds left over after all of the firm’s expenses
- 17. combination of two or more businesses to form a single firm
- 18. business that is jointly owned by two or more persons
- 20. ownership certificates in the firm
- 22. written promise to repay the amount borrowed at a later date
- 23. sum of net income and noncash charges