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What are three clear rights/characteristics of common stockholders? (1.5 pts) 6. What does an appropriation of retained earnings do? Give an example of when an
What are three clear rights/characteristics of common stockholders? (1.5 pts) 6. What does an appropriation of retained earnings do? Give an example of when an appropriation is usually needed. (2 pts) 7. Example: If common stock is issued in exchange for an asset (other than cash, such as Land) how is the asset valued (dollar amount recorded) on the issuing company's books? Be clear and thorough! (1.5 pts) 8. List any two different features that make preferred stock "unique" compared to common stock? (2 pts.) 9. What is the major (key) Income Statement related ACCOUNTING difference between calling in a bond payable early and calling in preferred stock? Assume the call price is different from the carrying value of the bond payable and the call price is different than the par value and APIC associated with the preferred (1 point) stock. 10. Based on the article you read identify what the three letters DE&I stand for. The authors mention in the section: Call to Action, six things a company and the accounting profession can do to promote DE&I. One point was to build personal awareness and commit. Please list any explain any two other items under the Call to Action. Please be clear!(3 points)
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