Examlex
Which of the following types of tests attempt to measure intelligence without being affected by a person's verbal skills or educational background so that these tests are useful for testing children in the United States who come from poor communities, rural areas, or ethnic minority families?
Cumulative Preferred Stock
A type of preferred stock that accrues dividends if not paid out in the year they are due, ensuring investors receive dividends before common shareholders.
Dividends Payable
A liability representing the amount of dividends declared by a company's board of directors that have not yet been paid to shareholders.
Cash Dividend
A cash disbursement from a corporation to its shareholders, derived from its earnings.
Par Value
The face value of a bond or stock as stated on the certificate, which is the minimum amount the security can be sold for upon initial offering.
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