Most preferred shares are cumulative. Explain what this means.
Answer to relevant QuestionsThe par value of shares historically indicated the real value of shares and all shares were issued at that price. The concept has changed with time. Describe the meaning of par value as it has evolved to today.Companies occasionally sell more than one security for a single price. How is the issue price allocated among the separate securities?Suppose you own 80 shares of IBM common stock when the company declares a 4% stock dividend. What will you receive as a result?Agee Storage issued 35 million shares of its $1 par common stock at $16 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $14 per share. Assuming that Agee retires shares it ...The following is an excerpt from a disclosure note from the 2011 annual report of Kaufman Chemicals, Inc.Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as ...
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