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How do dividends in arrears on cumulative preferred stock appear in the financial statements? Group...

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Accounting

How do dividends in arrears on cumulative preferred stock appear in the financial statements?

Group of answer choices

as a liability on the balance sheet

as a contra equity item

as an expense on the income statement

dividends in arrears will not appear as a line item within the financial statements, but must be disclosed in the notes to the financial statements

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