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Which of the following statements about preference shares is incorrect? In the event of a company winding-up, they rank behind ordinary shares. Payment of preference
Which of the following statements about preference shares is incorrect?
In the event of a company winding-up, they rank behind ordinary shares.
Payment of preference dividends ranks ahead of payment of ordinary dividends.
Dividends to be paid on preference shares are usually at a fixed rate.
Preference shares are legally regarded as equity even if they are accounted for as debt.
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