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All main topics / Accounting / General / Final Exam - ACCT 2101
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
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Flashcard info:
Author: savhighsmith
Main topic: Accounting
Topic: General
School / Univ.: UGA
City: Athens
Published: 01.05.2010

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