Question: Which statement is correct regarding dividend entitlement? A) B) C) A company can avoid paying dividends in arrears on cumulative preferred shares if it is

Which statement is correct regarding dividend entitlement? A) B) C) A company can avoid paying dividends in arrears on cumulative preferred shares if it is to pay dividends on common shares. Non-cumulative preferred shares must be paid all missed dividend payments when dividends are declared. Cumulative preferred shares do not have any rights to missed dividend payments. D) A corporation need only pay dividends when it declares them to be payable

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