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32
What are the two types of Preferred Stock? What type is most common?
Cumulative:
Dividends in arrears must be paid before dividends may be paid on CS (most common)
Noncumulative:
Undeclared dividends from current and prior years do not have to be paid in future years
Dividends in arrears must be paid before dividends may be paid on CS (most common)
Noncumulative:
Undeclared dividends from current and prior years do not have to be paid in future years
Flashcard info:
Author: savhighsmith
Main topic: Accounting
Topic: General
School / Univ.: UGA
City: Athens
Published: 01.05.2010