Asked by
Mujtaba Ahmed
on Nov 13, 2024Verified
A class of stock having first rights to dividends of a corporation
A) Authorized shares
B) Issued shares
C) Outstanding shares
D) Par value
E) Common stock
F) Preferred stock
G) Paid-In Capital in Excess of Par
H) Transfer agent
Preferred Stock
A class of ownership in a corporation with a higher claim on assets and earnings than common stock, typically with predetermined dividend payments.
Dividends
Dividends are distributions of a portion of a company's earnings decided by the board of directors to its shareholders.
Authorized Shares
The maximum number of shares that a corporation is legally permitted to issue, as stated in its articles of incorporation.
- Distinguish between common stock, preferred stock, and other equity items and their characteristics.
Verified Answer
KS
Learning Objectives
- Distinguish between common stock, preferred stock, and other equity items and their characteristics.