The adjusted trial balance represents the combination of the unadjusted trial balance and the adjustments columns

Which of the following errors occur when a rater compares an individual, not against an objective standard, but against other employees?

A. Contrast errors B. Distributional errors C. Halo errors D. Leniency errors E. Horns errors

Which statement is true?

A. From a legal perspective, preferred stock is a form of corporate equity. B. All classes of stock must have equal voting rights per share. C. Common shareholders elect the corporate directors while the preferred shareholders vote on mergers and acquisitions. D. Preferred dividends provide tax-free income to individual investors. E. Preferred shareholders prefer noncumulative dividends over cumulative dividends.