Which of the following shareholders are entitled to vote?
A. Someone who owns common stock and has it listed in his or her name
B. An officer of the corporation who does not give an oral or written proxy
C. Someone who has sold his or her stock to a relative
D. A stockbroker without a proxy from the shareholder
Answer: A
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Which of the following inventory costing methods yields the lowest net income during a period of rising inventory costs?
A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out
Once a corporation issues bonds, it must pay interest to the bondholders over the life of the bonds, usually semi-annually, and the principal of the bonds at maturity
Indicate whether the statement is true or false
Petroleum, a relatively cheap nonrenewable energy source, is:
A. being increasingly depleted and is expected to run out in another 50 years, but in the meantime, improved retrieval techniques are being developed. B. expected to run out in another 10 years and needs to be replaced with renewable energy sources quickly. C. in abundant supply but is not environmentally clean. D. clean, cheap, and available, but its major issue as a fuel is that most of the reserves are located in countries whose leadership is critical of the industrialized world.
Which of the following is true about dividends?
A) Dividends are paid at the discretion of the shareholders. B) Dividends cannot be used for corporate purposes. C) Dividends are paid to shareholders who have sold their shares prior to the record date. D) Dividends once declared, cannot be revoked.