Question: 1-What are the basic differences between preferred stock and common stock? That is, what are the typical features of preferred stock? 2- Distinguish between authorized

1-What are the basic differences between preferred stock and common stock? That is, what are the typical features of preferred stock? 2- Distinguish between authorized shares and issued shares. Why might the number of shares issued be more than the number of shares outstanding?

3- What is the difference between the accounting for small stock dividend and accounting for a large stock dividend?

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