Which of the following is a true statement?
a) Stockholders are guaranteed annual dividends.
b) Stockholders receive their proportionate share of any assets remaining after the corporation pays its debts and liquidates.
c) Stockholders may authorize a business contract on behalf of the corporation.
d) Stockholders may determine the issue price of common stock.

Question

10-09-2020
Business

contestada

Which of the following is a true statement?
a) Stockholders are guaranteed annual dividends.
b) Stockholders receive their proportionate share of any assets remaining after the corporation pays its debts and liquidates.
c) Stockholders may authorize a business contract on behalf of the corporation.
d) Stockholders may determine the issue price of common stock.

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andromache andromache · Answer 1 · 2020-09-11T02:22:13+02:00

Answer:

b) Stockholders receive their proportionate share of any assets remaining after the corporation pays its debts and liquidates.

Explanation:

Stockholders are the persons who have shares in the company. Or the people who hold the stock in the company is known as the stockholders

After paying off all the liabilities, the payment that made at last is paid to the stockholders according to their share part in the company out of the balances of the asset left

Therefore the option B is correct