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MATCHING
Complete the following using the terms listed.
-_____ describes a good or service free from deficiencies.
Noncumulative Preferred Stock
A type of preferred stock that does not entitle the holder to claim dividends that were not paid in the past, focusing only on current and future dividend payments.
Liquidating Dividend
A liquidating dividend is a type of payment made by a corporation to its shareholders during the partial or full liquidation, distributing the assets among shareholders.
Cash Dividend
A payment made by a company to its shareholders, often as a distribution of profits.
Common Stock Dividends Distributable
A portion of earnings allocated by a company to be distributed to holders of its common stock, recognized as a liability until paid out.
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