Which of the following is true about cumulative preference shares?

Commerce

WAEC 2000

A. Unpaid dividends are carried forward
B. Shareholders can secure capital refund on demand
C. Shareholders are entitled to further share of profit
D. Dividends are paid into a special account

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Correct Answer: Option A

Explanation

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Which of the following is true about cumulative preference shares?

Correct Answer: Option A

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