answer true or false. please write out complete word TRUE OR FALSE Common stock carries voting privileges while preferred stock gives up this right to receive a dividend preference________________________.The board of directors who are responsible for dividends creates the liability for dividends on the declaration date ___________________________.The par value is the minimum arbitrary value set for a company’s shares ___________________.Deferred revenues are liabilities which arise when a company receives cash prior to the performance of a service____________________.A negative characteristic of corporations is double taxation ________________________.Copyrights and patents are intangible assets which require annual amortization___________________.

solution note dear student as per the Q&A guideline we are required to answer the first question…

Answered: Common stock carries voting privileges…

Business

Accounting

Common stock carries voting privileges while preferred stock gives up this right to receive a dividend preference_____

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter13: Corporations: Earning & Profits And Distributions

Section: Chapter Questions

Problem 29P

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Question

answer true or false. please write out complete word TRUE OR FALSE

Common stock carries voting privileges while preferred stock gives up this right to receive a dividend preference________________________.
The board of directors who are responsible for dividends creates the liability for dividends on the declaration date ___________________________.
The par value is the minimum arbitrary value set for a company’s shares ___________________.
Deferred revenues are liabilities which arise when a company receives cash prior to the performance of a service____________________.
A negative characteristic of corporations is double taxation ________________________.
Copyrights and patents are intangible assets which require annual amortization___________________.

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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