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Figure 18.2
Using the figure above, identify the labeled structure(s) in each of the following questions.
-Identify the structure(s) indicated by Label L.
Common Stock
Stock whose owners have voting rights in the corporation, yet do not receive preferential treatment regarding dividends.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, inventories, and meeting other short-term liabilities.
Long-Term Investment
Financial assets or securities that are held for an extended period, typically for several years or more, with the expectation of substantial returns.
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