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Which one of the following is FALSE? a. For accounting, legal and tax purposes, preference shares are treated as equity. b. The previously unpaid dividends

Which one of the following is FALSE?

a.

For accounting, legal and tax purposes, preference shares are treated as equity.

b.

The previously unpaid dividends for non-cumulative preference shares can be skipped.

c.

Preference shareholders stand behind ordinary shareholders in line for dividends.

d.

Preference shareholders cannot force a firm into bankruptcy.

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