Which of the following is true about cumulative preference shares?
COMMERCE
WAEC 2000
Which of the following is true about cumulative preference shares?
- A. Unpaid dividends are carried forward
- B. Shareholders can secure capital refund on demand
- C. Shareholders are entitled to further share of profit
- D. Dividends are paid into a special account
Correct Answer: A. Unpaid dividends are carried forward
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