Difference between revisions of "Noncumulative preferred stock"

Revision as of 02:45, 21 December 2018

Noncumulative preferred stock is preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared.

Noncumulative preferred stock. Preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared.

Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.

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-[[Noncumulative preferred stock]] is preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared. *[[Nonparticipating preferred stock]]. Preferred stock that  entitles its holders only to a  certain percentage of dividend,  the remainder going to holders  of common stock.
+[[Noncumulative preferred stock]] is preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared.
 ==Definitions==
 According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
-:[[Noncumulative preferred stock]]. Preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared. *[[Nonparticipating preferred stock]]. Preferred stock that  entitles its holders only to a  certain percentage of dividend,  the remainder going to holders  of common stock.
+:[[Noncumulative preferred stock]]. Preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared.
 ==Related concepts==