Any Unpaid Dividends That Must Be Paid Before Payment of Dividends

question 45

Multiple Choice

Any unpaid dividends that must be paid before payment of dividends to ordinary shareholders are called _________ preference shares.

• A) participating
• B) cumulative
• C) non-cumulative
• D) secured

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Definitions:

Secondary Amine

An amine where the nitrogen atom is bonded to two alkyl or aryl groups and one hydrogen atom.

Compounds

Substances formed from two or more chemical elements, held together by chemical bonds.

Systematic Name

The official nomenclature of a chemical compound that provides information about its structure.

Structure

The arrangement of atoms within a molecule that determines its shape and chemical properties.