Which of the following statements is incorrect regarding common stock?
A) Common stock is issued more narrowly than preferred stock.
B) The common stockholders have voting rights.
C) The common stockholders get paid after the creditors in the event of the liquidation of the corporation.
D) Common stock is the form of stock that most shareholders of a corporation own.
E) The common stockholders elect the board of directors.

Question

Quizplus · Accepted Answer

Common stock is typically issued more widely than preferred stock, as it is the primary form of stock ownership in a corporation.

Which of the Following Statements Is Incorrect Regarding Common Stock