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If the preferred stock of a corporation is cumulative: A. Dividends on preferred stock are guaranteed. B. Dividends cannot be declared in an amount less
If the preferred stock of a corporation is cumulative:
A. Dividends on preferred stock are guaranteed.
B. Dividends cannot be declared in an amount less than that stated on the stock certificate.
C. Preferred stockholders participate in dividends paid in excess of a stated amount on the common shares.
D. Dividends in arrears must be paid on preferred stock before any dividend can be paid on common stock.
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