Question
If preference shares are cumulative a.unpaid dividends become dividends in arrears. b.preference shareholders will not receive dividends. c.unpaid dividends will never be paid. d.the corporation
If preference shares are cumulative
a.unpaid dividends become dividends in arrears.
b.preference shareholders will not receive dividends.
c.unpaid dividends will never be paid.
d.the corporation has a liability for any unpaid dividends.
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Auditing Principles
Authors: Howard F. Stettler
3rd Edition
0130521183, 9780130521187
