Multiple choice question, Preferred stock on which the

Multiple choice question

Reference no: EM1350818

1. Prior period adjustments are reported in the:

income statement.
balance sheet.
statement of retained earnings.
statement of cash flows.

2. Preferred stock on which the right to receive dividends is forfeited for any year that the dividends are not declared is referred to as:

Participating preferred stock.
Callable preferred stock.
Cumulative preferred stock.
Noncumulative preferred stock.

Reference no: EM1350818

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