(I)Firms Issue Common Stock in Far Greater Amounts Than Preferred

question 55

Multiple Choice

(I) Firms issue common stock in far greater amounts than preferred stock.
(II) In a given year,the total volume of stock issued is much less than the volume of bonds issued.

• A) (I) is true, (II) false.
• B) (I) is false, (II) true.
• C) Both are true.
• D) Both are false.

---

Definitions:

Partnership Net Income

Partnership Net Income is the total earnings made by a partnership, to be divided among its partners according to their agreement.

Negligence Claims

Legal claims filed as a result of a failure to exercise a degree of care that, under the circumstances, the law requires for the protection of other persons or those interests of other persons that may be adversely affected by a lack of such care.