Acct Chapter 9 - Merchandising Businesses

Goods that a business purchases to sell

• Merchandise

• Capital

• Share of Stock

• Inventory

Assets or other financial resources available to a business.

• Merchandise

• Capital

• Share of Stock

• Inventory

Each unit of ownership in a corporation.

• Merchandise

• Capital

• Share of Stock

• Inventory

A list of assets, usually containing the value of individual items.

• Merchandise

• Capital

• Share of Stock

• Inventory

A business that purchases and resells goods

• Merchandising business

• Retail merchandising business

• Wholesale merchandising business

• Corporation

Total shares of ownershp in a corporation.

• Articles of Incorporation

• Charter

• Vendor

• Capital stock

A business from which merchandise, supplies, or other assets are purchased.

• Articles of Incorporation

• Charter

• Vendor

• Capital stock

The legal right for a business to conduct operations as a corporation, issued by a specific state.

• Articles of Incorporation

• Charter

• Vendor

• Capital stock

A legal document that identifies basic characteristics of a corporation.

• Articles of Incorporation

• Charter

• Vendor

• Capital stock

A merchandising business that sells to those who use or consume the goods.

• Merchandising business

• Retail merchandising business

• Wholesale merchandising business

• Corporation