Question
Dividends on cumulative preferred shares: a. must be paid before dividends may be paid on common shares. b. must be paid each year. c. if
Dividends on cumulative preferred shares:
a. must be paid before dividends may be paid on common shares.
b. must be paid each year.
c. if in arrears, must be calculated like compound interest.
d. accumulate over the life of the shares and are paid on retirement.
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Environmental Auditing Fundamentals And Techniques
Authors: J. Ladd Greeno
2nd Edition
091509410X, 978-0915094103
