Question: 1-What are the principal differences between common stock and preferred stock? 2-Preferred stock may be cumulative. Discuss what this feature means for the shareholder of

1-What are the principal differences between common stock and preferred stock?
2-Preferred stock may be cumulative. Discuss what this feature means for the shareholder of cumulative preferred stock.
3-How are dividends in arrears presented in the financial statements?

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