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Business, 05.03.2021 01:00 RivvytheFanboy6510

Which of the following statements is true with regard to preferred stock (preference shares)? Multiple Choice Most preferred stock (preference shares) is reported under IFRS as equity. Most preferred stock (preference shares) is reported under U. S. GAAP as debt. Under IFRS, preferred stock dividends are reported in the income statement as interest expense. Under U. S. GAAP, mandatorily redeemable preferred stock is reported as equity.

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