56 Which kind of bond has no coupon payments? Inflation-linked bonds Floating rate notes Zero-coupon bonds Callable bonds NEXT > BOOKMARK CLEAR 63 What is a key feature of preferred stock? Holders have a say in electing the board of directors. o Holders have company voting rights. Holders have a secondary claim on dividends. Holders have first claim on dividends. LEAR BOOKMARK CLEAR NEXT > 22 What describes accrual-based accounting? All financial transactions include a debit or a credit to the company's cash account Economic events are recognized when they occur, not when cash changes hands. The retained earnings account is converted into cash when earnings are realized Accruals only apply to asset depreciation accounts, not to cash flow accounts. NEXT > BOOKMARK CLEAR