Multiple Choice
Which of the following statements about issuing common shares is true?
A) The total amount received is referred to as legal capital and it cannot be paid out as dividends.
B) The total amount received is referred to as legal capital and it may be paid out as dividends once the company is profitable.
C) All classes of common shares pay identical dividends.
D) All classes of common shares have the same voting rights.
Correct Answer:
Verified
Correct Answer:
Verified
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