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Q: Preferred stock can never be cumulative and non-participating. True or False?
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What are preferred shareholders?

Preferred shareholders are the people who own a company's preferred stock. Corporations can issue several types of stock. If there are profits, the corporation the corporation may pay dividends. The company would pay the same amount to each share of stock. However, the company may have issued two types of stock, preferred and common. Preferred stock gets a percentage of the face value as a dividend say 5%. Common stock gets a percentage of the profits that are left. So if a person has a $100 share of preferred, and the company declares a dividend, the preferred shareholders are paid first. He gets his $ 5.00 first. He is a preferred shareholder. The rest of the dividend is divided among the common shareholders. So Preferred Shareholders get paid first. Their dividend will never go up. It will go down if the company does not pay its dividend.


Can you explain best way to pay off credit cards?

The single best way to pay off credit cards is to never carry a balance from month to month; the cumulative debt and interest may take years to pay down if only the minimum monthly payment is made.


How do you remove a bankruptcy from your credit report that isn't yours because you have never filed for bankruptcy?

Contact the credit bureau that has the incorrect information about the bankruptcy. They will contact whomever they need to in order to verify the information or remove it if it is deemed false.


What exactly are the fraudulent issues with conventional mortgages?

Fraud is any deliberataely false or misleading information given by the invoved parties. For example knowingly stating incorrect income/assets, giving false references and so forth. A very big "no-no" is attempting to use another person's SSN, this should NEVER even be considered, much less done, under any circumstances.


Is money a neccessity?

money is only a neccessity for the person that has never went without it. money is a want to those who've never had it but are getting by never- the - less.