Examlex
Dividends are considered ________ if they are paid when the corporation is insolvent.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often receiving dividends before common shareholders.
Noncontrolling Interest
Represents the equity interest in a portion of a subsidiary's net assets that is not attributable directly or indirectly to the parent company.
Common Stock
A type of equity security that represents ownership in a corporation, with holders usually having a vote in corporate decisions but in the last in line during liquidation.
Preferred Stock
A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often receiving dividends before common shareholders and having a fixed dividend rate.
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