Chapter 14 Accounting Principles - Excel by ybb83869

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									                                                                                    B-14.02


Evaluate the following list, and decide if each described attribute more likely relates to a
common stock or preferred stock issue.
                                                                COMMON          PREFERRED


The stock is described as 6%, cumulative                                              √
The stock includes voting rights

The stock is last in line in the event of liquidation

The stock is convertible

The stock ordinarily pays a fixed dividend

The stock may be subject to significant appreciation

The stock has a "call price"

The stock has a mandatory redemption date
Name:
                                                                                    B-14.02
Date:                   Section:


Evaluate the following list, and decide if each described attribute more likely relates to a
common stock or preferred stock issue.
                                                                COMMON          PREFERRED


The stock is described as 6%, cumulative                                              √
The stock includes voting rights

The stock is last in line in the event of liquidation

The stock is convertible

The stock ordinarily pays a fixed dividend

The stock may be subject to significant appreciation

The stock has a "call price"

The stock has a mandatory redemption date

								
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