Cumulative Preferred Stocks Are Stocks with Unpaid Dividends That Accumulate

question 56

True/False

Cumulative preferred stocks are stocks with unpaid dividends that accumulate and must be paid before any cash dividend is paid to the common shareholders.

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Definitions:

Unlawful Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability, contrary to the law.

Age Discrimination

Unfair treatment of individuals in employment, promotions, or benefits based on their age.

Legitimate Reason

A valid, lawful, or credible reason or justification for an action or decision.

Pretext

A reason given in justification of a course of action that is not the real reason.