Author Question: Investors purchase preferred stock because preferred ________. A) stock offers a possibility of a ... (Read 117 times)

folubunmi · **on:** Jul 5, 2018

Investors purchase preferred stock because preferred ________.

A) stock offers a possibility of a specified annual dividend
B) dividends are increased each year
C) shareholders have voting rights
D) stock can always be converted to common stock

Question 2

If the amount of sales returns and allowances is large in proportion to gross sales, a weakness in the merchandising operations is indicated and the trouble should be determined and corrected.
a. True
b. False
Indicate whether the statement is true or false