If a corporation that has only one class of shares, or if there is more than one class, the class that has no preference over the other classes of shares, is called:
A) Common shares.
B) Cumulative preferred shares.
C) Convertible preferred shares.
D) Preferred shares.
E) Participating preferred shares.

Question

Quizplus · Accepted Answer

Common shares are the basic form of ownership in a corporation and do not have preference over other classes of shares.

If a Corporation That Has Only One Class of Shares