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

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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 

 

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