A Preferred Share on Which the Right to Receive Dividends

question 16

Multiple Choice

A preferred share on which the right to receive dividends is lost for any year that the dividends are not declared is a:

• A) Participating preferred share.
• B) Callable preferred share.
• C) Cumulative preferred share.
• D) Convertible preferred share.
• E) Noncumulative preferred sharE.

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