Life, Inc. experienced the following events in Year 1, its first year of operation: 1. Performed counseling services for $20,400 cash. 2. On February 1, Year 1, paid $13,800 cash to rent office space for the coming year. 3.
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Preferred stock generally has: a. Fixed dividends, voting rights, and participation. b. Variable dividends, no voting rights, and no participation. c. Fixed dividends, no voting rights, and no participation. d.
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