Question 5

Which of the following is true about cumulative preference shares?

  • A.Any unpaid dividend is carried forward
  • B.The shareholders can obtain a capital refund
  • C.They are entitled to further share in profit
  • D.Any unpaid dividend is forfeited
  • E.The dividend declared is accumulated in a reserve account
Objective

Question details

Exam body
WAEC
Subject
Commerce
Year
1995
Question no.
#5
Type
Objective

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