Examlex
Which of the following statements is not true?
Cash Dividends
Distributions of a corporation's earnings to shareholders in the form of cash.
Preferred Stock
A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, usually with dividends that are paid out before those to shareholders of common stock.
Common Stock
Common stock is a type of equity ownership in a corporation, representing a claim on part of the company's profits and conferring voting rights.
No Par Common Stock
is common stock that has been issued without a par value, meaning its value is not fixed in the company’s charter but is determined by the market.
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