Louisiana State University, Shreveport ACCOUNTING ACCOUNTING 701 1. to receive a promised divide amount each year. if the dividend…

Louisiana State University, Shreveport ACCOUNTING ACCOUNTING 701 1. to receive a promised divide amount each year. if the dividend…

1. to receive a promised divide amount each year. if the dividend cannot be paid in a given year the dividend accrues and all unpaid dividend in arrears must be paid to preferred shareholders before common shareholders can receive any dividends

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2. to vote on all corporte matters

This Preferred stock is ?

definition par value is

Common stock $3 par value   $223,338

Common Stock Paid in captial in excess of par  690,000

Preferred stock $22  par value                             $1,279,982

Preferred stock, Paid in capital in excess of par   1,880,000

How many shares of preferred stock have been issued?

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