Dividends in Arrears

question 4

Multiple Choice

Dividends in arrears

• A)are preferred dividends that have been declared but not paid.
• B)must be legally paid in the future.
• C)are dividends that have not been declared on cumulative preferred stock.
• D)are reported as a liability on the balance sheet until paid.

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Definitions:

Democratic State

A form of government in which power is held by elected representatives and/or directly by the people, characterized by free and fair elections, and the protection of civil liberties.

Modern Democracies

Refers to political systems where citizens have the power to make decisions about government policies and leaders through free and fair elections.

Controlling State

A government that exercises extensive or over-reaching control over the political, economic, and social life of its citizens.

Political Parties

are organized groups of people with similar political aims and opinions, that seek to influence public policy by getting their candidates elected to public office.