Which of the following statements would be true if you own stock in a company?
A)You are an owner of the retained earnings and capital stock of the company.
B)You have a claim to the assets of the business.
C)You have the right to receive interest on an annual basis.
D)You have the right to a portion of the company's revenues each accounting period.

Question

Quizplus · Accepted Answer

Owning stock in a company gives you a claim to the company's assets and earnings, but not specifically to retained earnings or capital stock, nor does it guarantee interest or a portion of revenues.

Which of the Following Statements Would Be True If You