________ is the quality of being unambiguous and easy to understand

Before common dividends can be paid, the ______ preferred stock must be paid ______.

a. current; interest owed b. cumulative; dividends in arrears c. cumulative; interest owed d. common; dividends

Which of the following is a true statement about the domestic production activities deduction?

A. This deduction is determined by the amount of goods manufactured in the United States for export abroad. B. The deduction is calculated as a percentage of the cost of goods manufactured in the United States. C. This deduction represents a subsidy to taxpayers who manufacture or construct goods in the United States. D. The domestic production activities deduction is not affected by the cost of labor. E. All of these are true.