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please answer both questions (don't have much questions left) Declared, accumulated, but unpaid, dividends to preferred shareholders (which must be paid before dividends can be
please answer both questions (don't have much questions left)
Declared, accumulated, but unpaid, dividends to preferred shareholders (which must be paid before dividends can be declared on common shares) are: Multiple Choice Owners' equity None of the other alternatives are correct Expenses Assets Liabilities Song Sue is a shareholder of Gene Company and receives a 2% stock dividend. Song: Multiple Choice Will own a larger percentage of Generous than before Will debit Cash and credit Dividend Income in her accounting records None of the above are correct statements Will own the same percentage of Generous as before Will only be legally entitled to such dividend if Generous has positive net income that yearStep by Step Solution
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