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Preferred stock at Du Pont. The balance sheet of Du Pont includes the following: STOCKHOLDERS' EQUITY Preferred stock, without par value - cumulative: 23,000,000 shares

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Preferred stock at Du Pont. The balance sheet of Du Pont includes the following: STOCKHOLDERS' EQUITY Preferred stock, without par value - cumulative: 23,000,000 shares authorized: issued at December 31: Common stock, $.30 par value: 1, 800,000,000 shares authorized: Du Pont has preferred stock. Is this different than common stock? Explain. Are the amounts of preferred stock material in terms of total paid-in capital. Explain

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