Joan owes Richard money. Richard assigns his rights of collection to Steve. In this situation:

A preferred stock is an example of a debt security

Indicate whether the statement is true or false

Industrial-goods classifications based on terms of how the products enter the production process and their relative costs include such segments as materials and parts and capital items

Window cleaning services, consumable office supplies, personal computers, desks, paint, nails, and buckets are included in the classifications of industrial goods. List the other "classifications" including subclassifications for industrial goods.