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How do dividends in arrears on cumulative preferred stock appear in the financial statements? Group of answer choices as a liability on the balance sheet
How do dividends in arrears on cumulative preferred stock appear in the financial statements?
Group of answer choices
as a liability on the balance sheet
as a contra equity item
as an expense on the income statement
dividends in arrears will not appear as a line item within the financial statements, but must be disclosed in the notes to the financial statements
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