_____ is preferred stock on which all dividends must be paid before the common stock receives any dividend
A) Par value preferred stock
B) Participating preferred stock
C) Noncumulative preferred stock
D) Cumulative preferred stock
D
You might also like to view...
Which is the main reason for sanctions NOT being able to pressure North Korea into changing its behavior?
a. North Korea’s trade and financial relations with the rest of the world are limited. b. China has refrained from implementing substantial sanctions against its neighbor. c. The tension that prevails between the United States and North Korea. d. It sees nuclear weapons as the only way to survive its repressive regime.
The corporate jet expenditure is an example of a direct fixed cost
Indicate whether the statement is true or false
Discuss how conflict of ideas and personal conflict relate to the concepts of functional and dysfunctional conflict.
What will be an ideal response?
Under the perpetual inventory system, a physical count shows a $90.00 overage. How would the overage be entered into the journal and how would it be stated on the income statement?
a. Cost of Goods Sold would be debited $90.00 and Merchandise Inventory would be credited $90.00 with no effect of the overage being reported on the income statement. b. Inventory Short and Over would be debited $90.00 and Merchandise Inventory would be credited $90.00 and the overage would reported as an expense on the income statement. c. Merchandise Inventory would be debited $90.00 and Sales would be credited $90.00 with the revenue being reported on the income statement. d. Merchandise Inventory would be debited $90.00 and Inventory Short and Over would be credited $90.00 and the overage would be reported as other revenue on the income statement. e. Cash would be debited $90.00 and Accounts Receivable would be credited $90.00 and the overage would be reported as an expense on the income statement.