西方财务会计课后习题答案.docVIP

Chapter 9 Stockholders’ Equity Check Points (5 min.) CP 9-1 1. The stockholders hold ultimate power in a corporation. 2. The chairperson of the board of directors is usually the most powerful person in a corporation. 3. The president is in charge of day-to-day operations. 4. The treasurer has primary responsibility for cash. 5. The controller manages the accounting. (5-10 min.) CP 9-2 1. The right to vote on management matters clearly separates a stockholder from a creditor. 2. The common stockholders are the real owners of a corporation 3. Preferred stockholders have priority over common s