1.Preferred stock is preferred by investors because it has guaranteed dividends. (Points : 1)

True False

Question 2.2.Some preferred stock may be converted to common stock at the discretion of the stock purchaser. (Points : 1)

True False

Question 3.3.Long-term notes payable would appear in the same section of the balance sheet and statement of cash flows as bonds payable. (Points : 1)

True False

Question 4.4.A bond indenture has specific assets that are pledged as collateral to insure payment. (Points : 1)

True False

Question 5.5.A bond purchaser would never pay more than face value for a bond. (Points : 1)

True False