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Describe what is meant by the direct costs of a program (for example, a fire prevention program) and why it is important to distinguish direct costs from indirect costs.
Preferred Stock
Stock that has specified rights over common stock.
Operating Activities
Activities directly related to the primary operations of the business, including revenue and expense transactions that affect net income.
Common Stock Split
A division of a company's existing shares into multiple ones to boost the liquidity of the shares, making them more affordable to small investors without altering the shareholder's equity.
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