Question $19(5$ points$)$

$-4.$ s sime

Divitends in areas on cumulative preferred stock

never have to be paid, even if common dividends are paid.

must be paid before common stockholders can receive a dividond.

the common stockholders.

enable the preferred stockholders to share equally in corporate cartily is whith

hould be recorded as a current liability until they are paide.

$20(5$ points$)$