Preferred Stock Which Confers Rights to Prior Periods' Unpaid Dividends

question 104

Multiple Choice

Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:

• A)Noncumulative preferred stock.
• B)Participating preferred stock.
• C)Callable preferred stock.
• D)Cumulative preferred stock.
• E)Convertible preferred stock.

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Definitions:

Oreos

A brand of popular sandwich cookies consisting of two chocolate wafers with a sweet cream filling.

Ordinary Goods

Products or services whose demand increases when consumer income rises, and falls when consumer income decreases.

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant, and a significant commodity in global trade.

Cream

The top layer of milk that is richer in fat and can be skimmed off, used metaphorically to refer to the best or choicest part of something.