Type of preferred stock in which dividend does not increase or decrease with increase or decrease in profit of firm is classified as

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articipating preferred stock

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on-cumulative preferred stock

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umulative preferred stock

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on-participating preferred stock

1.	Type of preferred stock in which dividend does not increase or decrease with increase or decrease in profit of firm is classified as
A.	on-cumulative preferred stock
B.	umulative preferred stock
C.	on-participating preferred stock
D.	articipating preferred stock
Answer» D. articipating preferred stock

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