Question
What happens to preferred stock dividends if they are not distributed at the close of the fiscal year in a corporation? Dividends from preferred and
What happens to preferred stock dividends if they are not distributed at the close of the fiscal year in a corporation?
Dividends from preferred and common stock accumulate to the next fiscal year.
They are lost, as is the case with ordinary shares.
They accumulate for the following fiscal year.
Dividends are always lost, whether preferred or common shares.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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