(a) What are the principal differences between com- mon stock and preferred stock? (b) Preferred stock may...

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(a) What are the principal differences between com- mon stock and preferred stock?

(b) Preferred stock may be cumulative. Discuss this feature.

(c) How are dividends in arrears presented in the fi- nancial statements?

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Financial Accounting Tools For Business Decision Making

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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(a) What are the principal differences between com- mon stock and preferred stock? (b) Preferred stock may...

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