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What is treasury stock? How is it recorded? What effect does it have on the balance in stockholders equity? What are the three important dates

What is treasury stock? How is it recorded? What effect does it have on the balance in stockholders equity?

What are the three important dates regarding dividends and what happens on each date?

What is the difference between cumulative and noncumulative preferred dividends?

What are dividends in arrears?

Are dividends always paid in cash?

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