Question: PREFERENCE DIVIDENDS ARE ONLY DEDUCTED WHEN THEY ARE NOT PRESNTED AS A LIABILITY (AS THIS IS RECOGNISED AS AN INTEREST EXPENSE WHICH WILL ALREADY BE

PREFERENCE DIVIDENDS ARE ONLY DEDUCTED WHEN THEY ARE NOT PRESNTED AS A LIABILITY (AS THIS IS RECOGNISED AS AN INTEREST EXPENSE WHICH WILL ALREADY BE ACCOUNTED FOR IN THE STATEMENT OF COMPREHENSIVE INCOME) BUT RATHER AS A DISTRIBUTION OF EQUITY. TRUE OR FALSE?

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