Examlex
Preferred stock is an equity security that has a senior claim to the firm's earnings and assets over bonds.
Year Ended
Refers to the end of a fiscal year, when a company completes its annual accounting period.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.
Estimates Change
Refers to the revision of previous financial estimates based on new information or insights, impacting forecasts and budget plans.
Asset Disposals
The process of getting rid of an asset through sale, trade, closure, or removal from the company's books.
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