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a) What are the principal differences between common stock and preferred stock? b) Preferred stock may be cumulative. Explain this feature. c) How are dividends
- a) What are the principal differences between common stock and preferred stock?
- b) Preferred stock may be cumulative. Explain this feature.
- c) How are dividends in arrears presented in the financial statements?
Please provide theory and your own explanation or examples.
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