Answer the following statements true (T) or false (F)

1. Stated value stock is no-par stock that is assigned a "stated" value per share by the corporation's board of directors.
2. A corporation may be authorized to issue both common and preferred stock.
3. Common stock always carries a preference for receiving dividends over preferred stock.
4. Special rights often granted to preferred stock include a preference for receiving dividends and additional voting privileges.
5. Cumulative preferred stock carries the right to be paid both current and all prior periods unpaid dividends before any dividends are paid to common shareholders.


1. TRUE
2. TRUE
3. FALSE
4. FALSE
5. TRUE

Business

You might also like to view...

The Summary of Qualifications section that lists your most impressive accomplishments and qualifications replaces the Education and Experience sections

Indicate whether the statement is true or false

Business

Barney asked whether organizational culture could be a source of:

a. Innovation b. Customer retention c. Employee motivation d. Sustained competitive advantage

Business

Explain how leading firms are trying to become greener in their operations.

What will be an ideal response?

Business

Good salespeople

A. help customers avoid buying. B. are not expected to be marketing managers in their own territories. C. are not part of the marketing information function for the firm. D. are never the only link between the firm and its customers. E. help customers buy.

Business