Cumulative Preferred Stock Has a Right to Be Paid Both

question 196

True/False

Cumulative preferred stock has a right to be paid both current and prior periods' unpaid dividends before any dividend is paid to common shareholders.

---

Definitions:

Geotracking

The ability to track where a GPS-capable mobile device, such as a cell phone, is located. Companies can also use geotracking to locate lost or stolen mobile devices.

Mobile Device Email

The use of email services and applications on mobile devices, allowing users to send, receive, and manage their emails while on the go.

SMTP

Simple Mail Transfer Protocol, an Internet standard for the transmission of electronic mail (email) across IP networks.

FTP

FTP, or File Transfer Protocol, is a standard network protocol used for the transfer of computer files between a client and server on a computer network.