__________ - an equity security with preferences. Usually this means that holders of this stock have priority over holders of common stock as to dividends and payment on dissolution of the corporation.

Commercial leases: A) Must be in writing to be enforceable

B) Cannot be oral agreements. C) Are required by state laws to be in writing if they are longer than one year. D) None of the above

Davis Company has the following accounts and balances at the end of the year: Cash, $1,200 Accounts Receivable, $280 Office Equipment, $3,000 Accounts Payable, $1,400 Income from Services, $3,500 Rent Expense, $670 Salaries Expense, $1,000 R. Davis, Capital at the beginning of the year was $2,050 . Rob Davis also withdrew $800 from the company during the year. What is the amount of total assets

reported on the balance sheet? a. $1,480 b. $9,800 c. $3,080 d. $4,480