Preferred Stock on Which the Right to Receive Dividends Is

question 98

Multiple Choice

Preferred stock on which the right to receive dividends is forfeited for any year that the dividends are not declared is referred to as:

• A) Callable preferred stock.
• B) Participating preferred stock.
• C) Cumulative preferred stock.
• D) Convertible preferred stock.
• E) Noncumulative preferred stock.