Question: 21) When a dividend is not declared on preferred stock, and the common shareholders cannot receive a dividend until all past and current dividends are

21) When a dividend is not declared on preferred stock, and

21) When a dividend is not declared on preferred stock, and the common shareholders cannot receive a dividend until all past and current dividends are paid to the preferred shareholders, the preferred stock is: 3.3 Points nonparticipating. participating. noncumulative. cumulative

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