When preference shares share ratably with the ordinary shareholders in any profit distributions beyond the prescribed rate

Fantastic news! We've Found the answer you've been seeking!

Question:

When preference shares share ratably with the ordinary shareholders in any profit distributions beyond the prescribed rate this is known as the

Participating feature.

Redeemable feature.

Cumulative feature.

Callable feature.

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Posted Date: Aug 24, 2020 05:15 AM

See More Questions

Complete the table (show calculations): Each value is in BTU. AKE Q Process 1 1. AU 2. Process 2 Determine whether the process is a power or refrigeration cycle. 0 200 -100 50 Which of the two...
This question illustrates what is known as discount interest. Imagine you are discussing a loan with a somewhat unscrupulous lender. You want to borrow $25,000 for one year. The interest rate is 15...
The nominal interest rate associated with an ordinary general annuity is 7% compounded annually. Rounded to the nearest 0.001%, what is the corresponding periodic rate of interest that matches the...
Use the method of maximum likelihood to estimate in the pdf f Y (y; ) = /2y e y , y 0 Evaluate e for the following random sample of size 4: Y 1 = 6.2, Y 2 = 7.0, Y 3 = 2.5, and Y 4 = 4.2.
An interior designer makes a presentation to potential clients and this results in sales of her services in 35% of the cases. Let X denote the number of sales in the next four presentations. Assuming...
Suppose that you are the auditor of a major retail client who has reported the following income before taxes (IBT) for the first two quarters of the year: 1st quarter = $1,200,000 and 2nd quarter =...
Describe how spirituality and religion help to shape ones healthcare choices.
Which method for preparing the Operating Activities section of the statement of cash flows, the direct or the indirect method, do you believe provides more information to users of the statement?...
A pool has three water faucet and one drain faucet. The first water faucet can fill up the pool in 3 hours, the second water faucet can fill up the pool in 4 hours, and the third water faucet can...
The bookkeeper has prepared a preliminary trial balance of Suzzy and Daryl for the year ended 31 December as follows. GH Capital account Profit and loss account at 1 January Bank loan Debtors and...
Explain how this has impacted history since printed BANKING DEPARTMENT - LIQUIDATION DIVISION STATE OF MINNESOTA TO THE CREDITOR ADDRESSED: St.Paul, Minn., Dec. 11, 1935. Enclosed please find check...
How does the presence of organizational justice impact the likelihood of employees engaging in advanced Organizational Citizenship Behavior (OCB)?
An electron has a velocity of 4 x 106 m/s in the positive x direction at a point where the magnetic field has the components Bx = 2T, By = 1 T, and B = 1 T. What is the magnitude of the acceleration...
Value of an internationally traded product has different components with different magnitude. Would you please take a product that is produced in two different countries (e.g., USA and Canada), and...
If the inflation Earnings on index at the first quarter (before resetting) was 120, what would the equivalent 2nd quarter figure be?
The state is beginning a new apprenticeship program for incarcerated individuals. Officials designed the program to improve the chances of inmates finding a job upon release and to increase the wages...
3. A source with frequency fs emits spherical sound waves. The source moves at a constant speed to the right and at a given moment three observers located at A, B and C are listening to the source....
Controls can be identified based on their function. The functions are preventive, detective, and corrective. A. True B. False
Several celebrated investors and stock pickers frequently mentioned in the financial press have recorded huge returns on their investments over the past two decades. Does the success of these...
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount: COUNTRY KETTLES, INC....
Corporate Borrowing if the firm was so successful at selling, why wouldnt a bank or some other lender step in and provide it with the cash it needed to continue?
An old-fashioned tire swing exerts a force on the branch and a torque about the point where the branch meets the trunk. If you hang the swing closer to the trunk, this will --the force and-- the...
Which of these objects is in static equilibrium? A. B. C. D.
A beam with a pivot on its le ft end is suspended from a rope. Tn which direction is the force of the pivot on the beam? A. B. C. D. E.

When preference shares share ratably with the ordinary shareholders in any profit distributions beyond the prescribed rate

Question:

Expert Answer:

ANSWERWhen preference shares share ratably with the ... View the full answer

Fundamentals of corporate finance

Students also viewed these accounting questions