In regard to cumulative preferred stock
A)shareholders are guaranteed an annual dividend
B)shareholders will receive a dividend if common stockholders are paid
C)dividends in arrears are a current liability
D)dividends in arrears are either a current or long-term liability, depending upon when the corporation last declared a dividend

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The Answer of In regard to cumulative preferred stock
A)shareholders are guaranteed an annual dividend
B)shareholders will receive a dividend if common stockholders are paid
C)dividends in arrears are a current liability
D)dividends in arrears are either a current or long-term liability, depending upon when the corporation last declared a dividend

In Regard to Cumulative Preferred Stock