Dividends in arrears on cumulative preferred stock
A) increase liabilities.
B) decrease retained earnings.
C) have no effect on the balance sheet but are disclosed in the footnotes.
D) increase the debt/equity ratio.
Correct Answer:
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Q28: Preferred stock may be preferred by investors
Q29: Which one of the following events increases
Q30: The declaration of cash dividends
A)increases total expenses.
B)decreases
Q31: Which one of the following would always
Q32: Which one of the following events increases
Q34: If a company sells its treasury stock
Q35: If preferred stock is participating, then
A)preferred dividends
Q36: The payment of previously declared cash dividends
A)increases
Q37: On January 1, 2017, Susann, Inc.
Q38: Which one of the following is 'debt'
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