Question: 2. How should cumulative preferred dividends in arrears be shown in a corporation's balance sheet? a. Note disclosure b. Increase in stockholders' equity c. Increase

2. How should cumulative preferred dividends in arrears be shown in a corporation's balance sheet? a. Note disclosure b. Increase in stockholders' equity c. Increase in current liabilities d. Increase in current liabilities for the amount expected to be declared within the year or operating cycle, and increase in long-term liabilities for the balance

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