14. A company has cumulative preferred shares. In 2022 they were not declared dividends: a. The owners of those preferred shares will never collect the 2022 dividend b. The non-declaration of the dividend only affected common shareholders. The company paid preferred stockholders. c. The preferred dividend of 2022 accumulates and the company will have to present a debt in its state of affairs. d. The 2022 preferred dividend is cumulative and the company will need to disclose the fact that that there are cumulative preferred dividends, but will not recognize a debt.

15. When a company declares a stock dividend, but does not distributed yet: a. Recognize an expense on the statement of income and expense b. Recognizes Other comprehensive loss c. Recognize a current debt d. None of the above