Which class of stock entitles its owner to special options relating either to dividends or to the distribution of assets?
A) preferred stock
B) privileged stock
C) common stock
D) limited stock
A
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One type of fraudulent transfer consists of the:
a. distribution of the debtor's property among creditors. b. debtor's transferring property with actual intent to hinder her creditors. c. avoidance of statutory liens when debtor becomes insolvent. d. discharge of debts of unsecured tardy creditors.
In UML, an attribute preceded by a(n) ________ is "protected."
A)
The easiest and cheapest time to alter an information system is in the ________ phase of the systems development life cycle
A) requirements analysis B) system definition C) component design D) implementation
Sunshine Candy Company's capital structure for the past year of operation is shown below
First mortgage bonds at 12% $2,000,000 Debentures at 15% 1,500,000 Common stock (1 million shares) 5,000,000 Retained earnings 500,000 Total $9,000,000 The federal tax rate is 50%. Sunshine Candy Company, home-based in Orlando, wants to raise an additional $1 million to open new facilities in Tampa and Miami. The firm can accomplish this via two alternatives: (1) it can sell a new issue of 20-year debentures with 16% interest; or (2) 20,000 new shares of common stock can be sold to the public to net the candy company $50 per share. A recent study, performed by an outside consulting organization, projected Sunshine Candy Company's long-term EBIT level at approximately $6.8 million. Find the indifference level of EBIT (with regard to EPS) between the suggested financing plans.