In a period of rising prices, the inventory method which tends to give the highest reported inventory is

Something that is "logical," as in a logical address, cannot be changed or modified. Something that is "physical," as in a physical address, is fixed, or set, and can be changed

Indicate whether the statement is true or false

Which of the following is true about Preferred Stock?

A) Preferred shareholders always have voting rights. B) If at a time a dividend is due on preferred stock, if the company does not have the funds to pay the dividend, the right of the preferred shareholders to collect that dividend lapses. C) Preferred dividends are not tax deductible to the corporation. D) Like bonds, preferred stock always has a maturity date at which time the issue price must be repaid to shareholders.