MCQOPTIONS
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| 1. |
_Which of the following characteristics are true, with reference to preference capital?$? |
| A. | Preference dividend is not tax deductible |
| B. | The claim of preference shareholders is prior to the claim of equity shareholders |
| C. | Preference shareholders are not the owners of the concern |
| D. | All of the above |
| Answer» E. | |