Usually preferred shareholders have a preferential claim over the common shareholders for the par value of their

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Usually preferred shareholders have a preferential claim over the common shareholders for the par value of their stock. Thus, if the corporation were liquidated, the owner of 500 shares of $100 preferred stock would have to receive $ before the common shareholders received anything.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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