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a) Describe the difference between cumulative and non-cumulative preferred stock. b) What are some reasons...

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Accounting

a) Describe the difference between cumulative and non-cumulative preferred stock.

b) What are some reasons that a company may repurchase its own stock and what effect does the purchase of treasury stock have on the equity of a company?

c) What's the difference between a stock dividend and a stock split?

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