An analyst does research about preference shares. Which of the following statements is least likely to describe an attribution of participating preference shares Shareholders:()
A. are entitled to an additional distribution of the company's assets upon liquidation, above the par (or face) value of the preference shares.
B. receive unpaid dividends in full before dividends on common shares can be paid.
C. receive the standard preferred dividends plus the opportunity to receive an additional. dividends when the company's profits exceed a pre-specified level.