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Listed below are various key terms introduced or emphasized in this chapter:

Cash dividend

Comprehensive income

Earnings per share

Income from continuing operations

Nonrecurring item

Price$-$earnings $($p$/$e$)$ ratio

Statement of retained earnings

Stock dividend

Stock split

Required:

Each of the following statements may $($or may not$)$ describe one of these key terms. In the space provided beside each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms.

$\_\_\_\_\_\_\_\_\_$A financial statement showing the revenue, expenses, and net earnings of a corporation during the current accounting period.

$\_\_\_\_\_\_\_\_\_$A distribution of cash to stockholders.

$\_\_\_\_\_\_\_\_\_$A distribution to stockholders of additional shares of stock, accompanied by a proportionate reduction in the par value per share.

$\_\_\_\_\_\_\_\_\_$The market price of a share of preferred stock, divided by the net income of the corporation.

$\_\_\_\_\_\_\_\_\_$Net income plus or minus certain changes in financial position that are recognized but not realized.

$\_\_\_\_\_\_\_\_\_$An event that is material in dollar amount, unusual in nature, and not expected to recur in the foreseeable future.

$\_\_\_\_\_\_\_\_\_$A subtotal sometimes included in an income statement to assist investors in forecasting the income of future accounting periods.

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