Multiple Choice
Which of the following is not a true statement?
A) Common shareholders have a residual claim to income.
B) Bondholders may force a corporation into bankruptcy for failure to make interest payments.
C) Common shareholders are legally entitled to some dividend.
D) A minority interest can still elect members to the board of directors under cumulative voting even though someone else owns 51% of the stock.
Correct Answer:
Verified
Correct Answer:
Verified
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