Examlex
Which of the following items would not appear on a personal balance sheet?
Preferred Stock
A class of ownership in a corporation with a higher claim on assets and earnings than common stock, typically with dividends that are paid out before dividends to common shareholders.
No-par Common Stock
No-par common stock is issued without a par value, and its value is determined by what investors are willing to pay for it, rather than being stated in the company's charter.
Cash Dividend
A payout to shareholders from a company's earnings in the form of cash.
Dividends in Arrears
This term refers to dividends on preferred shares that have been declared but not yet paid to shareholders.
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