Which of the following statements is true about shareholders?
A) They are not entitled to a distribution of the dividend income.
B) They have direct equity interest in the firms to which they fund resources.
C) They have no rights to transfer their shares to other investors.
D) They emphasize corporate responsibility over financial profitability.
B
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The following information is from the December 31, 2017 balance sheet of Jackson Corporation
Preferred Stock, $100 par $270,000 Paid-In Capital in Excess of Par-Preferred 22,000 Common Stock, $1 par 69,000 Paid-In Capital in Excess of Par-Common 206,000 Retained Earnings 56,600 Total Stockholders' Equity $623,600 What is the average issue price of the preferred stock shares? (Round answers to the nearest dollar.) A) $108 B) $100 C) $167 D) $106
A $1,000 face value bond with a quoted price of 98 is selling for
A) $1,000. B) $98. C) $980. D) $988.