Examlex
Which of the following statements is true?
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, typically with dividends that must be paid out before dividends to common stockholders.
Par Value
A nominal or face value assigned to a share of stock by the company's charter, which may not reflect the actual market value.
Paid-In Capital
Funds raised by a company from selling its shares to investors, beyond the nominal value of the shares.
Cash Dividend
A payment made by a company out of its earnings to investors in the form of cash.
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