Companies can issue different classes of common stock. Which of the following statements concerning stock classes is CORRECT?
A. All common stocks fall into one of three classes: A, B, and C.
B. All common stocks, regardless of class, must have the same voting rights.
C. All firms have several classes of common stock.
D. All common stock, regardless of class, must pay the same dividend.
E. Some class or classes of common stock are entitled to more votes per share than other classes.
Answer: E
You might also like to view...
The issuance of debt would be classified as a (an) ____________________ activity in the statement of cash flows
Fill in the blank(s) with correct word
Michael Company had 2,00 . units in work in process at January 1 that were 80 percent complete. During January, 15,00 . units were completed. At January 31, 4,00 . units remained in work in process that were 40 percent complete. Using the average cost method, how many units were started during January?
a. 21,000 b. 18,200 c. 17,000 d. 19,000
A unilateral contract can be accepted without the performance of an act by the offeree.
Answer the following statement true (T) or false (F)
Delbert won a $500 bet with Samuel on the outcome of the World Series, but Samuel refuses to pay. Discuss what recourse Delbert has. If Delbert had instead bought a ticket from a state-operated lottery, would his recourse be different?