Unless otherwise stated, a preference share is always deemed to be __________________________.

Cumulative, participating and non-convertible

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Non-cumulative, non-participating and non-convertible

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Cumulative, non-participating and non-convertible

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Non-cumulative, participating and non-convertible

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Solution

The correct option is C Cumulative, non-participating and non-convertible
Unless and otherwise stated, preference share is always presumed to be cumulative, non-participating and non-convertible.

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Unless otherwise stated, a preference share is always deemed to be __________________________.

The correct option is C Cumulative, non-participating and non-convertibleUnless and otherwise stated, preference share is always presumed to be cumulative, non-participating and non-convertible.

The correct option is C Cumulative, non-participating and non-convertible
Unless and otherwise stated, preference share is always presumed to be cumulative, non-participating and non-convertible.