Examlex
In which of the following reactions is reduction taking place?
Cumulative Preferred Stock
A type of preferred stock where dividends accrue if not paid in a given year and must be paid out before any dividends can be distributed to common stockholders.
Declared Dividends
The portion of a company's earnings that has been set aside to be paid out to shareholders, officially announced by its board of directors.
Basic Earnings
The amount of profit earned by a company on a per-share basis, before any deductions or adjustments.
Noncumulative
Pertains to dividends that, if missed by a company, are not required to be paid out to shareholders in the future.
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