Dividends in Arrears Are Dividends on

question 4

Multiple Choice

Dividends in arrears are dividends on

• A)cumulative preferred stock that have been declared but have not been paid.
• B)non-cumulative preferred stock that have not been declared for a given period of time.
• C)cumulative preferred stock that have not been declared for a given period of time.
• D)common dividends that have been declared but have not yet been paid.

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Definitions:

Contingencies of Power

Factors that affect the ability of one party to influence another, including conditions of dependency, substitutability, and centrality.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Influence

The capacity or power of one party to affect the beliefs, behaviors, or development of others through direct or indirect means.

Non-substitutability

The characteristic of being unable to be replaced or substituted by an alternative without a loss of value or functionality.