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If the preference share of a corporation is cumulative: Select one: a. Dividends cannot be declared in an amount less than that stated on the
If the preference share of a corporation is cumulative:
Select one:
a. Dividends cannot be declared in an amount less than that stated on the share certificate.
b. Dividends on preference share are guaranteed.
c. Preference shareholders participate in dividends paid in excess of a stated amount on the ordinary shares.
d. Missed dividends from previous years must be paid on preference share before any dividend can be paid on ordinary share.
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