The shares of preferred stock issued by saturn corporation can be exchanged for common stock. however, any dividends in arrears are lost. which of the following features are present in the preferred stock issued by saturn?
select all answers that apply to this question.
a. convertible
b. redeemable
c. cumulative
d. noncumulative

a. Convertible, d. Noncumulative

Explanation:

The feature that it can be exchanges for common stock means that the holders of these preferred share have an option to convert their preferential holdings to common stock at and within predetermined period of time.

However since it says " the dividends in arrears are lost", it means that these preferred shares are non-cumulative. As the holder of this type of shares, you have no right to receive past dividends should the company begin to issue preferred dividends again. If the issuing company incurs losses in that year, it can choose to skip paying dividends on these convertible, non-cumulative preferred shares.

answer; /// i do believe the correct answer is (possession utility);

prokaryotic cells do not contain a nucleus or any other membrane-bound organelle. eukaryotic cells contain membrane-bound organelles, including a nucleus. so i belive the answer is a : p hope it