Which of the Following Is NOT Generally a Right or Preference

question 80

Multiple Choice

Which of the following is NOT generally a right or preference associated with preferred shares?

• A) the right to vote
• B) first claim to dividends
• C) preference to corporate assets in case of liquidation
• D) to receive dividends in arrears before common shareholders receive dividends

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Definitions:

Assembly Department

A section within a manufacturing facility where components are assembled into final products.

Equivalent Units

A term used in cost accounting to express the amount of work done on partially finished goods in terms of fully completed units.

Work In Process

Inventory that includes items that are in the process of being manufactured but are not yet finished goods.

Assigned Cost

Expenses allocated to a specific product or department within a company, often used in accounting to distribute costs fairly across different areas of a business.