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

Question

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participating preferred stock

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non-cumulative preferred stock

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cumulative preferred stock

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non-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.	non-cumulative preferred stock
B.	cumulative preferred stock
C.	non-participating preferred stock
D.	participating preferred stock
Answer» D. participating preferred stock

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