29) All of the following features may be characteristic of preferred stock EXCEPT A) callable. B) no maturity date. C) tax-deductible dividends. D) convertible. Answer: c If a firm has class A and class B common stock outstanding‚ it means that A) each class receives a different dividend. B) the par value of each class is different. C) the dividend paid to one of the classes is tax deductible by the corporation
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Aspin Corporation’s charter authorizes issuance of 2‚000‚000 shares of common stock. Currently‚ 1‚400‚000 shares are outstanding‚ and 100‚000 shares are being held as treasury stock. The firm wishes to raise $48‚000‚000 for a plant expansion. Discussions with its investment bankers indicate that the sale of new common stock will net the firm $60 per share. a. What is the maximum number of new shares of common stock that the firm can sell without receiving further authorization from shareholders
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the value of standing timberlands. Under US GAAP‚ standing timber is accounted for on a historical cost basis. On the other hand‚ the relevant accounting guidance under IFRS specified that agricultural crops (including standing timber) be valued at their fair market value less estimated harvesting costs at the end of each quarter. If the fair value of standing timber changed during the accounting period‚ several differences will incur between the treatment under US GAAP and IFRS. If the fair value
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such as banks deals in short term loan in different forms such as treasury bills and commercial bills. Short term loan means the duration of maturity is of one year or less than that. We need to be clear that equity instrument i.e common or preferred stocks both are not traded in money market. Similarly‚ we need to keep one thing in mind that money market is a intangible market where we deal over the phone or company‚ we just don’t enter the building of a company. Likewise‚ Capital market refers to
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Many years ago stock options were rarely used as incidental benefits for top executives. Nowadays‚ compensating employee whit stock options has become an increasingly common practice. Before the year 1996‚ only the intrinsic value method was used to record these transactions. This method distorted the issuer’s reported financial condition and results of operations‚ which could lead to inappropriate decisions taken by investors. Followed by the increased use of employee stock options and the surrounding
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What could “Fair is foul and foul is fair” ever mean?"Fair is foul‚ and foul is fair‚" expresses the main theme of Macbeth written by William Shakespeare. There are several different ways in which these words can be interpreted. It could mean not everything is what it seems or it could mean that something that is supposedly used for good can bring forth evil.The first time we hear the statement is in the opening scene when the witches say the exact line "Fair is foul‚ and foul is fair" (Act I Scene
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Friday 5th period Fair is Foul and Foul is Fair “Fair is foul and foul is fair” is a pervading theme throughout the world-known play‚ Macbeth‚ written by William Shakespeare. This theme simply means that “nothing is as it seems”. It is evident because some situations might seem to be good‚
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TRADING STOCKS Stock trading has become one of the most popular and efficient ways to make money since it is easy to access and it could bring a lot of money back to investors. With some extra money‚ anyone can purchase stocks from a company or corporation and make profit. A stock is basically a type of security that signifies ownership in a corporation and represents a claim on part of the corporation’s assets and earnings. There are two main types of stock: common and preferred. Common stock usually
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The Stock Markets The main function of the stock market is to enable trade in the shares of public companies‚ which in turn reflect the performance of th3 companies whose shares are traded in the stock market. Stock markets are also a vital part of an economy or the economic system of a country or nation. Research has shown that most economies around the world‚ today‚ are judged by the performance of their stock markets. To trade in the stock market‚ a company has to be transparent about its fundamentals
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“Fair is Foul‚ and Foul is Fair” The play Macbeth‚ was written around 1606 by the famous poet William Shakespeare. In the plot‚ Macbeth is told prophecies by three witches and he does everything in his power to make sure he becomes the king‚ as they proclaimed‚ including murder. In Macbeth‚ one theme presented is “fair is foul‚ and foul is fair‚” meaning that things appearing to be good are sometimes bad‚ and things that at first seem bad can actually be good. There are many examples in the play
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