If preferred shares are designated as cumulative,the corporation is obligated to pay any dividends in arrears.What are "dividends in arrears" and the impact to the allocation of the dividends between common and preferred.

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The Answer of If preferred shares are designated as cumulative,the corporation is obligated to pay any dividends in arrears.What are "dividends in arrears" and the impact to the allocation of the dividends between common and preferred.

If Preferred Shares Are Designated as Cumulative,the Corporation Is Obligated