Dividends for Cumulative vs Non-Cumulative Preferred Shares

Preferred shares are intricate financial instruments that serve a distinctive role in equity markets. They provide a fixed dividend and often carry unique rights and features compared to common shares. Among the complexities surrounding these instruments is their classification based on dividend priority and liquidation rights. Consider a scenario where a corporation issues two classes of preferred shares: Class A preferred shares with a cumulative dividend feature and Class B preferred shares that are non-cumulative. During a financial downturn, the firm suspends dividend payments for one year. Which of the following statements is most accurate regarding the cumulative and non-cumulative preferred shares during this event?