Corporations can design securities that are not clearly debt and not clearly equity in attempts to accentuate the positive aspects of both and avoid the negative aspects. An exampl

Corporations can design securities that are not clearly debt and not clearly equity in attempts to accentuate the positive aspects of both and avoid the negative aspects. An example of this is redeemable preferred stock. The FASB addressed this issue in SFAS No. 150 (see FASB ASC 480).
Present an argument in favor of reporting redeemable preferred stock as equity, basing your argument on the definition of elements in SFAC No. 6 and any other relevant aspects of the conceptual framework.
Please answer the question. This is my 4th time asking the same question because it has not be answered correctly.