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Ch. 9 1/2
vocab
Question | Answer |
---|---|
Goods that a business purchases to sell | Merchandise |
A business that purchases and sells goods | Merchandising business |
A merchandising business that sells to those who use or consume the goods | Retail merchandising business |
A business that buys and resells merchandise to retail merchandising businesses | Wholesale merchandising business |
A journal used to record only one kind of transaction | Special journal |
An organization with the rights of a person and which many persons may own | corporation |
Each unit of ownership in a corporation | Share of Stock |
Total shares of ownership in a corporation | Capital Stock |
An owner of one or more shares of a corporation | Stockholder |
The price a business pays for goods it purchases to sell | Cost of Merchandise |