With regard to preferred stock,
a. its issuance provides no flexibility to the issuing company because its terms always require mandatory dividend payments.
b. no dividends are expected by the stockholders.
c. its stockholders may have the right to participate, along with common stockholders, if an extra dividend is declared.
d. there is a legal requirement for a corporation to declare a dividend on preferred stock.
c
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A retailer wants an audit to be as objective as possible. The retailer recognizes that there is significant rivalry and competition within the firm. The retailer should use a(n) _____ to conduct the audit
a. outside auditor b. company department manager c. team auditor d. company specialist
As compared to long-range forecasts, short-range forecasts:
A) are less accurate. B) deal with less comprehensive issues supporting management decisions. C) employ similar methodologies. D) all of the above E) none of the above
Jerry has assets of $200,000, a net worth of $150,000, and an annual income of $100,000. What are Jerry's liabilities?
A) $100,000 B) $250,000 C) $50,000 D) $450,000
Corporations can use a 52- to 53-week fiscal year end, but the year must end on a Saturday each year.
Answer the following statement true (T) or false (F)