Examlex
Which of the following are pay amounts stated at an hourly rate?
Authorized Stock
The maximum number of shares a corporation is legally permitted to issue, as specified in its corporate charter.
Noncumulative Nonparticipating
Noncumulative nonparticipating refers to a type of preferred stock where dividends do not accumulate if not declared and the stockholders do not participate in additional corporate earnings beyond the specified dividend rate.
Cash Dividends
Payments made by a company to its shareholders, usually in the form of cash, out of its profits or reserves.
Stated Rate
The annual interest rate declared on a financial instrument, such as a bond, without accounting for compounding within a year.
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