When preference shares are participating as to dividends, the dividend allocated to preference shareholders in the remaining balance of dividends after providing for preference and ordinary shareholders O Increases if preference shares are cumulative, and decreases if preference shares are non-cumulative O Increases, if preference shares are non-cumulative O Increases, if preference shares are cumulative O Is the same, regardless of whether preference shares are cumulative or non- cumulative

When preference shares are participating as to dividends, the dividend allocated to preference shareholders in the remaining balance of dividends after providing for preference and ordinary shareholders O Increases if preference shares are cumulative, and decreases if preference shares are non-cumulative O Increases, if preference shares are non-cumulative O Increases, if preference shares are cumulative O Is the same, regardless of whether preference shares are cumulative or non- cumulative

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Description: When preference shares are participating as to dividends, the dividendallocated to preference shareholders in the remaining balance of dividendsafter providing for preference and ordinary shareholdersO Increases if preference shares are cumulative,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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