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:

Complexity

The state or quality of being intricate or complicated, often involving multiple interconnected parts.

Noncustodial Father

A father who does not have legal custody of his child, often having certain rights like visitation while the child resides primarily with the other parent.

Stepparenting

The act of being a parent to a spouse's child or children from a previous relationship.

Stepchildren

Offspring that one's partner has from an earlier relationship.