Isabella owns 100 _____ stock of NxtGen Solutions,a software firm.It means that she has voting rights on company decisions at NxtGen Solutions,but only residual claims on the company's assets.
A)preferred
B)principal
C)management
D)common

Question

Quizplus · Accepted Answer

Common stock provides shareholders with voting rights on corporate matters but only residual claims on assets, which means they are paid after debt holders and preferred shareholders in the event of liquidation.

Isabella Owns 100 _____ Stock of NxtGen Solutions,a Software Firm