Preferred Stockholders Must Receive Their Current-Year Dividends Before the Common

question 35

True/False

Preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends.

---

Definitions:

Dr. Martin Luther King, Jr.

A prominent leader in the American civil rights movement, best known for his role in advancing civil rights using nonviolent civil disobedience based on his Christian beliefs.

Voting Rights Act Of 1965

A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting.

Literacy Tests

Historically used in the United States as a method to disenfranchise voters, particularly African Americans, by requiring them to pass reading and writing tests before being allowed to vote.

Voter Registration

The process by which eligible citizens enroll or sign up to be able to participate in electing their government officials.