Which of the following has the characteristics of a fixed contractual commitment?
A) Long-term debt
B) Common stock dividends
C) Preferred stock
D) Retained earnings

Question

Quizplus · Accepted Answer

Long-term debt typically involves a fixed contractual commitment between the borrower and the lender, specifying the terms of repayment and interest payments. Common stock dividends, preferred stock, and retained earnings may be variable and not fixed.

Which of the Following Has the Characteristics of a Fixed