A Cumulative Preference Share Has a Right to Be Paid

question 201

True/False

A cumulative preference share has a right to be paid both current and prior periods' unpaid dividends before any dividend is paid to ordinary shareholders.

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Definitions:

Efferent Nerves

Nerve fibers that carry signals away from the central nervous system towards the muscles to cause movement.

Afferent Nerves

Nerves that carry sensory information from the body's periphery towards the central nervous system.

Effectors

Organs or cells that act in response to a stimulus, executing the required response in motor functions or other activities.

Nodes of Ranvier

Gaps in the myelin sheath of nerve fibers, which facilitate the rapid conduction of nerve impulses along the neuron.