Which of the following is correct with regard to common stock?
A) Common stock generally bears the greatest risk of loss in the event of the failure of the enterprise.
B) The Revised Act has eliminated the terms "preferred" and "common."
C) Common stock does not have any special contract rights or preferences.
D) All of these are correct with regard to common stock.

Question

Quizplus · Accepted Answer

Common stock generally bears the greatest risk of loss in the event of the failure of the enterprise, does not have any special contract rights or preferences, and the Revised Act has not eliminated the terms "preferred" and "common."

Which of the Following Is Correct with Regard to Common