Which One of the Following Statements Related to Common Stock

Multiple Choice

Which one of the following statements related to common stock is correct?

A) Corporations are required to pay annual dividends to their common stockholders.
B) Corporations have the right to discontinue paying dividends.
C) Corporations pay dividends at the discretion of the firm's president.
D) Common stock is a form of corporate debt.
E) Common stock has a pre-defined liquidation value.