Asked by
Debbie Martinez
on Nov 28, 2024Verified
Nile is a holder of preferred stock in Oasis Hotels Inc. Nile
A) has no ownership interest in the corporation.
B) has priority over holders of common stock as to payment of dividends.
C) follows common stockholders as to payment on the firm's termination.
D) has a proportionate interest in the corporation with regard to control.
Preferred Stock
A security that entitles the holder to payment of fixed dividends and that has priority over common stock in the distribution of assets on the corporation’s dissolution.
Common Stock
A type of equity security that represents ownership in a corporation, with holders usually having a right to vote on corporate matters.
Payment Of Dividends
The distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
- Distinguish among the diverse forms of corporate securities and their consequences for ownership and control dynamics.
Verified Answer
LG
Learning Objectives
- Distinguish among the diverse forms of corporate securities and their consequences for ownership and control dynamics.