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Noncumulative preferred dividends in arrears a . must be paid before any other cash dividends can be distributed. b . are not paid or disclosed.

Noncumulative preferred dividends in arrears
a. must be paid before any other cash dividends can be distributed.
b. are not paid or disclosed.
c. are disclosed as a liability until paid.
d. are paid to preferred shareholders if sufficient funds remain after payment of the current
preferred dividend.
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