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ABC Corporation has fallen upon hard times and dividends on its noncumulative preferred stock have not been paid for 3 years. Which of the following
ABC Corporation has fallen upon hard times and dividends on its noncumulative preferred stock have not been paid for 3 years. Which of the following is true? A. Common shareholders must now receive 3 years' worth of dividends. B. Preferred shareholders must now receive 3 years' worth of dividends. C. The corporation must fold if preferred shareholders are not paid. D. Common shareholders have not received dividends for 3 years.
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