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Preferred stock which confers rights to prior periods unpaid dividends even if they were not declared is called: Noncumulative preferred stock. Participating preferred stock. Callable preferred stock. Cumulative preferred stock. Convertible preferred stock. Preferred stock with a feature allowing preferred stockholders to share with common shareholders in any dividends in excess of the percent or dollar amount stated on the preferred stock is called: Cumulative preferred stock. Callable preferred stock. Participating preferred stock. Convertible preferred stock. Preferential preferred stock. Prior period adjustments are reported in the: Multiple-step income statement. Balance sheet. Statement of retained earnings. Statement of cash flows. Single-step income statement