Distinguish between authorized and issued share capital and common and preferred shares. Explain the rights of a

Question:

Distinguish between authorized and issued share capital and common and preferred shares. Explain the rights of a preferred shareholder when they are not paid the dividend promised.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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