How many shares of common stock can a corporation issue?
Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first two years of operation, it sold 70,000 shares to stockholders and reacquired 7,000 of these shares. After these transactions, how many shares are 1)authorized 2)issued 3)outstanding?
Does preferred stock have voting rights?
Preferred stock doesn't have voting rights but they get preferences. Common stock accumulates any dividends that are not getting paid. Dividends are disclosed in notes not recorded