When a corporation has only one class of stock,the stock is called
A)Preferred stock.
B)Common stock.
C)Par value stock.
D)Stated value stock.
E)No-par value stock.

Question

Quizplus · Accepted Answer

If a corporation has only one class of stock, it is referred to as common stock. Preferred stock is a separate class of stock that gives its holders preferential treatment over common stockholders. Par value stock has a specified value per share and no relation to the market value, while stated value stock has a value assigned by the company that is unrelated to the actual market value. No-par value stock has no assigned value per share.

When a Corporation Has Only One Class of Stock,the Stock