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

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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.	The type of preferred stock in which the dividend does not increase or decrease with the 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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