No, preferred stock is not classified as a current liability. It is considered a form of equity, similar to common stock, as it represents ownership in a company and typically has no obligation for repayment like a liability. Preferred stockholders have a claim on assets and earnings before common stockholders, but they are not required to be settled within a year, distinguishing them from current liabilities.
Preferred dividends in arrears are not considered a current liability. Instead, they represent a potential obligation that may need to be paid in the future but do not require immediate settlement. While they are disclosed in the financial statements, they are typically classified as a non-current liability until declared by the board of directors.
FALSE!
Outstanding stock is an "owner's equity" account. It's on the same side of the accounting equation as liabilities, but it is not a liability.
Capital stock is part of liability
current liability
no
No, no payment obligation exists until the board of directors declares a dividend.
Preferred dividends in arrears are not considered a current liability. Instead, they represent a potential obligation that may need to be paid in the future but do not require immediate settlement. While they are disclosed in the financial statements, they are typically classified as a non-current liability until declared by the board of directors.
FALSE!
The symbol for AEP preferred stock is typically represented as "AEP.PRA" or "AEP.PR". However, the exact symbol can vary depending on the stock exchange and the specific series of the preferred stock. It is advisable to check with a financial platform for the most accurate and current information.
The symbol for Cummins Inc.'s preferred stock is CMI.PRA. However, it's important to verify this information with a current financial source, as stock symbols can change or be updated.
The CUSIP for JPMorgan Chase & Co. preferred stock can vary depending on the specific series of the preferred shares. For example, JPMorgan's Series L preferred stock has a CUSIP of 46625HAC3. For the most accurate and current CUSIP information, it's advisable to check financial databases or the company's investor relations website, as new preferred stock issues may be introduced.
Preferred dividends can be calculated by multiplying the par value of the preferred stock by the dividend rate. The formula is: Preferred Dividends = Par Value × Dividend Rate. If the preferred stock has a fixed dividend rate, simply apply that rate to the par value. For cumulative preferred stock, any unpaid dividends from previous periods should also be added to the current period's calculation.
Outstanding stock is an "owner's equity" account. It's on the same side of the accounting equation as liabilities, but it is not a liability.
Fannie Mae has several series of preferred stock, each with its own symbol. The most commonly recognized symbols include FMCCP for its Series A preferred stock and FMCCO for its Series B preferred stock. It's important to check with a financial service or brokerage for the most current symbols and any additional series that may exist.
Capital stock is part of liability
current liability