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Preferred shares can specify a non-cumulative dividend. That means any undeclared dividends in a given year are lost and are not required to be paid
Preferred shares can specify a non-cumulative dividend. That means any undeclared dividends in a given year are lost and are not required to be paid in future years. T OR F
If retained earnings has a deficit, that means retained earnings has a credit balance. T OR F
In some companies, common shares are the only type of shares issued. T OR F
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