Which Is Not True About Preferred Shares

question 13

Multiple Choice

Which is not true about preferred shares?

• A)Preferred shares have a higher priority status relative to common shares.
• B)They usually do not carry voting rights.
• C)The same capital accounts are used to record the issuance of preferred shares and common shares.
• D)Preferred shareholders receive dividends in arrears only if the shares are cumulative.

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Definitions:

Scientific Name

A unique, formal system of naming biological species utilizing a two-part Latin name consisting of the genus and species.

Specific Epithet

The second part of a species' scientific name, uniquely identifying a species within a genus.

Genus Name

The part of the scientific name in binomial nomenclature that classifies a group of closely related species; it comes first and is capitalized.

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.