If the Preference Share of a Corporation Is Cumulative

If the preference share of a corporation is cumulative:

A) Dividends on preference share are guaranteed.
B) Dividends cannot be declared in an amount less than that stated on the share certificate.
C) Preference shareholders participate in dividends paid in excess of a stated amount on the ordinary shares.
D) Dividends in arrears must be paid on preference share before any dividend can be paid on ordinary share.