Considering the same amount of earnings available for declaration as dividends, which of the following kinds of preference shares would result to the least amount of dividends for preference shareholders? cumulative and non-participating cumulative and participating non-cumulative and non-participating non-cumulative and participating

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
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Considering the same amount of earnings available for declaration as dividends, which of the following kinds of preference shares would result to the least amount of dividends for preference shareholders?

cumulative and non-participating
cumulative and participating
non-cumulative and non-participating
non-cumulative and participating
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