Asked by
VICTORIA STEELE
on Nov 13, 2024
Verified
A class of stock that provides no preference rights to shareholders
A) Authorized shares
B) Issued shares
C) Outstanding shares
D) Par value
E) Common stock
F) Preferred stock
G) Paid-In Capital in Excess of Par
H) Transfer agent
Common Stock
A type of equity security that represents ownership in a corporation, with certain rights such as voting rights and receiving dividends.
Preference Rights
Rights giving certain shareholders or bondholders a priority claim over assets or earnings, typically in the event of liquidation or dividend distribution.
Authorized Shares
The maximum number of shares a corporation is legally allowed to issue, as specified in its articles of incorporation.
- Outline the distinctions between common stock, preferred stock, and other forms of equity.
Verified Answer
AC
Learning Objectives
- Outline the distinctions between common stock, preferred stock, and other forms of equity.