If Preference Shares Are Non-Cumulative

question 324

Multiple Choice

If preference shares are non-cumulative,

• A) preference shareholders will not receive dividends.
• B) unpaid dividends become dividends in arrears.
• C) unpaid dividends will never be paid.
• D) the corporation has a liability for any unpaid dividends.

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Definitions:

Suicide Note

A message or statement left behind by an individual before attempting or committing suicide, often explaining reasons for the action.

Avoidant Personality Disorder

A mental health condition characterized by persistent avoidance of social interactions and sensitivity to negative evaluation.

Socially Inhibited

A condition where individuals experience significant anxiety and discomfort in social situations, often leading to avoidance.

Negative Evaluation

The assessment of something with emphasis on its shortcomings or disadvantages.