Question: If a preferred (preference share) issue is cumulative, this means: Select one: a. unpaid dividends will be paid in the future before shareholders are paid.

If a preferred (preference share) issue is cumulative, this means:

Select one:

a.

unpaid dividends will be paid in the future before shareholders are paid.

b.

dividends are legally binding on the corporation.

c.

dividends are paid at the end of the year.

d.

unpaid dividends are never repaid.

e.

preferred share holders are paid after the ordinary shareholders

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