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Non-participating preference shares means a. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are given to the ordinary shareholders. b. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are given to the preference shareholders. c. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are shared proportionately between the two classes. d. preference shareholders receive their full dividend and any excess is given to the ordinary shareholder

Non-participating preference shares means a. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are given to the ordinary shareholders. b. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are given to the preference shareholders. c. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are shared proportionately between the two classes. d. preference shareholders receive their full dividend and any excess is given to the ordinary shareholder

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Non-participating preference shares means

a. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are given to the ordinary shareholders.

b. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are given to the preference shareholders.

c. ordinary shareholders receive a dividend rate per share equal to the preference share and all excess dividends are shared proportionately between the two classes.

d. preference shareholders receive their full dividend and any excess is given to the ordinary shareholders.

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