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What are the similarities and differences between external auditors and internal auditors?
Noncumulative Preferred Stock
A type of preferred stock where missed dividend payments are not required to be paid to the shareholders in the future.
Par Value
The face value of a bond or the stock value stated in the corporate charter, which is the minimum legal capital per share.
Dividend
A portion of a company's earnings distributed to shareholders, representing a share of the corporate profits.
Noncumulative Preferred Stock
A type of preferred stock where missed dividend payments are not accumulated. Investors are not entitled to claim missed dividends in the future.
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