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Which of the following is true about cumulative preference shares?

Which of the following is true about cumulative preference shares?
  • A.
    Any unpaid dividend is carried forward
  • B.
    The shareholders can obtain a capital refund
  • C.
    They are entitled to further share in profit
  • D.
    Any unpaid dividend is forfeited
  • E.
    The dividend declared is accumulated in a reserve account
Correct Answer: Option A
Explanation