If Preferred Stock Is Cumulative,the Preferred Stockholders

question 4

Multiple Choice

If preferred stock is cumulative,the preferred stockholders:

• A)have a right to certain dividends every year.
• B)may receive a bonus.
• C)will always receive a yearly dividend.
• D)All of these answers are correct.

---

Definitions:

Electronic Discovery

The process by which electronic data is sought, located, secured, and searched with the intent of using it as evidence in a legal case.

Deposition

The testimony of a party to a lawsuit or of a witness taken under oath before a trial.

Testimony

A formal statement made under oath, often used as evidence in court or other legal proceedings.

Formal Service

A process in legal proceedings that involves the official delivery of documents to inform a person of legal actions or proceedings against them.