Question: a) Define preferred stock. Review the stockholders' equity section of the balance sheets of each company. Did either of the companies have preferred stock at their fiscal year-end 2015? If yes, which company(s) and how much?
b) How much of each company's common stock was outstanding at their fiscal year-end 2015? How can you tell?
c) Examine each company's consolidated statements of cash flows. Did any of the three companies pay cash dividends during the year ending 2015. If so, how much?