Corporations may not retire preferred stock in order to avoid paying the preferred dividends
Indicate whether the statement is true or false
FALSE
You might also like to view...
An effective cost control system should include:
a. An established plan of objectives and goals to be achieved. b. Regular reports showing the difference between goals and actual performance. c. Specific assignment of duties and responsibilities. d. All of these are correct.
Lako Systems has recently implemented a training program to prepare employees for skilled-trade positions at the company. The trainees receive on and off the job instructions and are paid somewhat reduced wages that increase over time as their skills increase. This program is known as apprenticeship training.
Answer the following statement true (T) or false (F)
Farnsworth mailed Jessie a letter stating that he is willing to sell her an antique desk for $2,500 but does not stipulate the mode of acceptance. Jessie wishes to accept this offer. Which of the following modes will result in a valid acceptance?
a. A telegram b. Fax machine c. Letter d. All of these
If a firm does not have enough money to pay any common stock dividends, it is technically in
default to the common shareholders. Indicate whether the statement is true or false