Companies can have different types of preferred stock,such as Class A or Class B,with each type having different rights and privileges,but by law there can be only one class of common stock.

Question

Quizplus · Accepted Answer

This statement is false. While companies can have different classes of preferred stock with different rights and privileges, there can be multiple classes of common stock as well, such as voting and non-voting shares.

Companies Can Have Different Types of Preferred Stock,such as Class