Answer:
A. it promises to pay to its holder a fixed stream of income each year.
Explanation:
In Business, stock can be defined as having an equity or ownership by an individual in an organization. Generally, stocks are of two (2) types and these are;
1. Common stock.
2. Preferred stock.
Preferred stock refers to the securities which represents an individual's ownership or share in an organization and having a fixed claim over common stocks in earnings and assets.
Also, the preferred stock pay a fixed amount of interest regularly rather than being paid as a dividend only.
Hence, preferred stock is like long-term debt in that it promises to pay to its holder a fixed stream of income each year. This simply means that, the preferred stockholders are given more priority than the holders of common stocks. Therefore, in the event of liquidation of a firm the preferred stockholder can claim the assets belonging to a the firm.
There are four (4) types of preferred stocks and these are;
1. Perpetual preferred stock.
2. Exchangeable preferred stock.
3. Convertible preferred stock.
4. Cumulative preferred stock.
The answer is a vast majority of people engage in simple
agriculture. This kind of economy is a non-monetary economy which depend
on natural resources to be responsible for basic needs, over and done with shooting,
gathering, and subsistence agriculture.
Correct question read;
"This statement takes __________and subtracts_________ to determine an individual's or a family's cash surplus or deficit situation.
Answer:
<u><em>note of income; the expenses</em></u>
Explanation:
<em>Remember</em>, the income and expense statement as the name implies is a financial statement that <em>takes note of all incomes into a financial account and then subtracting identified expenses from the income </em>to determine if there was a loss or profit.
By following this method, one ultimately would be able to answer the question, "Where does all my money go?".
