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  3. if preferred shares are cumulative, the: a) prefer

If preferred shares are cumulative, the: a) preferred dividends not declared in a given year...

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Accounting

If preferred shares are cumulative, the:

a) preferred dividends not declared in a given year are called dividends in arrears.

b) preferred shareholders and the common shareholders receive equal dividends.

c) preferred shareholders and the common shareholders receive the same total dollar

amount of dividends.

d) common shareholders will share in the preferred dividends.

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