The statement of cash flows allows the financial manager and ...

[Zoey63294]

The statement of cash flows allows the financial manager and other interested parties to analyze a firm's past and possibly future profitability.
 
  Indicate whether the statement is true or false

Question 2

A firm has issued cumulative preferred stock with a 100 par value and a 12 percent annual dividend. For the past two years, the board of directors has decided not to pay a dividend.
 
  At the end of the current year, the preferred stockholders must be paid ________ prior to paying the common stockholders.
  A)  0/share
  B) 12/share
  C) 24/share
  D) 36/share

[fwbard]

Answer to Question 1

FALSE

Answer to Question 2

D

[Zoey63294]

Thanks for the timely response, appreciate it

[dreamfighter72]

TYSM