Examlex
What is included in Jerry's gross income as a deductible loss for the first year if they organize the business as an S Corporation?
Cumulative
An adjective describing something that increases or accumulates over time, often used in the context of dividends that haven't been paid out and are owed to shareholders.
Dividends In Arrears
Due dividends on cumulative preferred stock that have not been paid in the period they were due.
Preferred Dividends
Dividends that are paid to preferred shareholders, typically at a fixed rate, before any dividends are paid to common shareholders.
Treasury Stock
Shares bought back by the issuing company, reducing the amount of outstanding stock on the open market.
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