Examlex
Which of the following statements is false?
Capital Account
A financial statement that shows the changes in ownership interest of a company over a period.
Noncumulative
Pertains to dividends or other rights that do not accumulate if not paid or exercised in the period they are due.
Dividends in Arrears
Unpaid dividends on cumulative preferred stock which must be paid out before any dividends can be distributed to common stockholders.
Dividends Payable
A liability on a company's balance sheet representing the amount owed to shareholders in the form of dividends that have been declared but not yet paid.
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