In situation of bankruptcy, stock which is recorded above common stock and below debt account is

In situation of bankruptcy, stock which is recorded above common stock and below debt account is Correct Answer preferred stock

In situation of bankruptcy, stock which is recorded above common stock and below debt account is preferred stock. Preferred stock refers to a class of ownership that has a higher claim on assets and earnings than common stock has.

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A stock which is hybrid and works as a cross between debt and common stock is considered as