In October, 2016, Sirius Corporation distributed profits to its preferred shareholders before its common shareholders. What is the name of the preference that allows this?
A) Dividend preference
B) Treasury preference
C) Liquidation preference
D) Profits preference

Question

Quizplus · Accepted Answer

Dividend preference refers to the fact that preferred shareholders receive dividends on their shares before common shareholders receive their dividends.

In October, 2016, Sirius Corporation Distributed Profits to Its Preferred