A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2012 · Q191 Mark
A company has issued non-cumulative preference shares and ordinary shares. Which statement is correct?
AIf no preference dividend is paid, it is carried forward to a future year.
BPreference shareholders always get a dividend.
CPreference shareholders and ordinary shareholders always get a dividend.
DPreference shareholders may get a dividend.
✓ Correct answer
D: Preference shareholders may get a dividend.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.
Sign up free →