The Amount of the Preferred Stock Dividend Is Generally Fixed

question 70

True/False

The amount of the preferred stock dividend is generally fixed either as a dollar amount or as a percentage of the par value.

---

Definitions:

Primarily Personal

Describes expenses or activities mainly for individual or non-business purposes.

Personal/Rental

Pertaining to property that is used for personal purposes at times and rented out at others, often affecting tax implications.

Schedule E

Schedule E is a form used for tax filing that reports supplemental income and loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests.

Schedule D

A form used with the U.S. federal income tax return to report capital gains and losses from the sale, exchange, or disposition of capital assets.