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G. True/False Instructions: Indicate whether each of the following statements is true or false by placing an X in the appropriate column. TRUE FALSE 1.
G. True/False | |||||||||
Instructions: Indicate whether each of the following statements is true or false by placing an X in the | |||||||||
appropriate column. | |||||||||
TRUE | FALSE | ||||||||
1. The two main sources of stockholders' equity are paid-in capital and long-term debt. | |||||||||
do preferred stockholders. | |||||||||
2. The board of directors has the sole authority to distribute earnings to the stockholders | |||||||||
in the form of dividends. | |||||||||
3. Preferred stock for which dividend rights are limited to a certain amount is said to be | |||||||||
noncumulative. |
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