Which of the following is not a true statement? - 4715

Solution Posted by


Rating : (2)F
Solution Detail
Price: $1.30
  • From: ,
  • Posted on: Thu 29 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Which of the following is not a true statement? 

A) Common stockholders have a residual claim to income. 

B) Bondholders may force a corporation into bankruptcy for failure to make interest payments. 

C) Common stockholders 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. 


Answer: C Difficulty: Medium Type: Memorization 


Solution Description