Multiple Choice
Which of the following statements is NOT true?
A) The legal capital of a corporation represents an amount that cannot be returned to the owners while the corporation still exists.
B) Investors in a corporation are called stockholders.
C) The right to receive a dividend is one of the basic rights of preferred stockholders.
D) Compared with preferred stock, common stock usually has a favorable preference in terms of dividends.
Correct Answer:
Verified
Correct Answer:
Verified
Q110: GE buys back 300,000 shares of its
Q111: An additional paid-in capital account could be
Q113: Treasury stock is an asset account.
Q115: Holders of common stock receive certain benefits,such
Q115: The ROE ratio measures:<br>A) the return stockholders
Q117: The incorporation of companies in the U.S.
Q118: A corporation had 50,000 shares of $20
Q119: All else equal, when a company uses
Q127: If you own 200,000 shares of stock
Q195: Issuing stock to obtain financing is called