Where in the Balance Sheet Is Preferred Stock Usually Reported

question 87

Multiple Choice

Where in the balance sheet is preferred stock usually reported?

• A)long-term liabilities
• B)stockholders' equity
• C)contra stockholders' equity
• D)After long-term liabilities but before stockholders' equity

---

Definitions:

Milgram

Refers to Stanley Milgram, a psychologist known for his experiment on obedience demonstrating people's willingness to follow orders.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or expectations, often to fit in or be accepted by others.

Kelley

Often associated with George A. Kelley's cognitive theory of personality which emphasizes personal construct psychology, focusing on how people's unique perceptual constructs shape their reality.

Compliance

The act of conforming to a request or command, often used in social psychology to discuss conformity and obedience.