Complete the Following

question 12

Short Answer

Complete the following:
$$\begin{array} { | l | l | l | l | } \hline \text { Item } & \text { List Price } & \text { Trade Discount } & \text { Net Price } \\\hline \text { Smartphone } & ? & 40 \% & \$ 600 \\\hline\end{array}$$

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Definitions:

Common Stock

A type of security that represents ownership in a corporation, entitling the shareholder to a share of the company's profits and assets.

Capital Stock

The total amount of a company's stock (both preferred and common) authorized for issuance, representing ownership in the company.

Preferred Stock

A class of stock that typically offers dividends and claim on assets before common stockholders but usually does not have voting rights.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership interest in a corporation.