Multiple Choice
The 2017 financial statements of Meadowlark Corporation report that the company paid dividends of $21,825,000 to its preferred shareholders before paying dividends to its common shareholders.
This practice is called:
A) Liquidation preference
B) Treasury preference
C) Dividend preference
D) Stock ownership preference
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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