70.
When there is no profit in one year or the profit of a company is not enough to pay the fixed dividend on preference shares, the arrears of dividend are to be carried forward and paid before a dividend is paid on the ordinary shares. The is called :
A:
Participating preference shares
B:
cumulative preference shares
C:
Non-cumulative preference shares
D:
Non-Participating preference shares
The answer is:
A
