Why are common shareholders sometimes called residual owners when a company has both common and preferred stock

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Why are common shareholders sometimes called residual owners when a company has both common and preferred stock outstanding?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:38 AM

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Why are common shareholders sometimes called residual owners when a company has both common and preferred stock

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Using Financial Accounting Information The Alternative to Debits and Credits

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