Questions:
Part-1
1. What are the principal differences between common stock and preferred stock?
2. Preferred stock my be cumulative. What does this mean?
3. How are dividends in arrears presented in the financial statements?
Part 2
1. Why is the Statement of Cash Flows useful?
2. What information does the Statement of Cash Flows provide you with?
3. Identify and discuss the three different types of activities that are reported on the Statement of Cash Flows