Which of the Following Is the Correct Description of Dividends

question 17

Multiple Choice

Which of the following is the correct description of dividends in arrears,as it applies to cumulative preference shares?

• A)The amount of dividends that will be paid in the coming year
• B)The cumulative amount of dividends which were not paid in previous years
• C)The amount of dividends that were paid late
• D)The cumulative amount of dividends that were paid in previous years

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Definitions:

European-Style

Referring to something, such as design, fashion, or cuisine, that is characteristic of or influenced by European traditions and cultures.

Gradual Emancipation

A legal process through which the emancipation of slaves was made to occur slowly over a period of time, rather than immediately.

Legislature Abolished

The disbandment or termination of a legislative body, which is an assembly with the authority to make, amend, and repeal laws.

Slavery

A socio-economic system in which individuals are owned by others, forced to work without pay, and considered legal property.