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QUESTION 13 Which of the following statements best describes how to deal with cumulative preferred dividends that were not declared when due? a. They are

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QUESTION 13 Which of the following statements best describes how to deal with cumulative preferred dividends that were not declared when due? a. They are reported as ob. They are disclosed as a O They are neither paid nor d. They must be paid a liability on the liability in the notes to the disclosed in the notes to before any other balance sheet financial statements the financial statements dividends can paid to the common

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