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Dividends Payable
This is a liability on the balance sheet representing the amount of dividends that a corporation has declared but not yet paid to its shareholders.
Current Liability
A company's debt or obligations that are due within one year.
Cumulative Preferred Stock
A type of preferred stock that accrues dividends if they are not paid in the year they are due, prioritizing these payment backlogs for future distribution.
Par Value
A nominal value assigned to shares of stock by the issuing company, which is the minimum price at which shares can be issued, often used for legal capital purposes.
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