Kathy quit her job Because she was tired of her job as a financial advisor
Answer:
d. have the right to receive dividends only in the years the board of directors declares dividends.
Explanation:
Preferred shareholders<u> have the right to receive dividends in the priority to the common shareholders of the company unit. </u> In other words, if there is sufficient funds with the company to declare dividends both to preferred and common shareholders, then in that case, preferred shareholders will be entitled the right to receive dividends first, and remaining amount will be distributed to common shareholders. Only that, they have this right only when the board of directors declares dividends.
Positive : Taxation could be used to exclude some expenses that could be putted in the income statement
Negative : Taxation will cut out some part of the company's annual revenue
hope this helps
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