Which of the Following Is True About Shareholders

Multiple Choice

Which of the following is true about shareholders?

A) If a company that is unable to pay its debts seeks protection from creditors in a bankruptcy court,its shareholders lose the value of their stock.
B) In a closely held corporation,the body of shareholders tends to be large.
C) Shareholders' personal assets such as their own homes or bank accounts are reachable to creditors.
D) Shareholders of a corporation enjoy unlimited liability.
E) Shareholders should be human beings and not corporate entities,such as partnerships or corporations.