If a corporation has only one class of shares, they are referred to as
A) classless shares.
B) preferred shares.
C) limited liability shares.
D) common shares.

Question

Quizplus · Accepted Answer

When a corporation has only one class of shares, those shares are referred to as common shares. Common shares represent ownership in a company and generally confer voting rights to the shareholders.

If a Corporation Has Only One Class of Shares, They