A Contract That Is Void Is Also Unenforceable

question 6

True/False

A contract that is void is also unenforceable.

Understand the impact of preferred stock characteristics (cumulative, noncumulative, participating, nonparticipating) on dividends and shareholders' equity.

Explain how companies manage reported earnings per share and the factors influencing such management.

Analyze the effects of corporate actions (stock dividends, stock splits) on shareholders' equity.

Recognize the reasons behind stock repurchases and their financial statement implications.