Preferred stock may have priority over com- mon stock except in: (a) dividends. (b) assets in the

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Preferred stock may have priority over com- mon stock except in:

(a) dividends.

(b) assets in the event of liquidation.

(c) conversion.

(d) voting.

AppendixLO1

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471691952

3rd Edition

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

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