Which of the following requires that all previously unpaid preferred dividends must be paid prior to any common dividend?
A)paid in kind preferred stock
B)cumulative preferred stock
C)participating preferred stock
D)convertible preferred stock

Question

Quizplus · Accepted Answer

Cumulative preferred stock requires that all previously unpaid preferred dividends must be paid prior to any common dividend.

Which of the Following Requires That All Previously Unpaid Preferred