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
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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