A corporation may be authorized to issue both common and preferred stock.

Name: A corporation may be authorized to issue both common and preferred stock.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

It is common for a corporation to be authorized to issue both common and preferred stock. Common stock gives shareholders voting rights and the opportunity to receive dividends, while preferred stock typically pays a fixed dividend but may not have voting rights.

A Corporation May Be Authorized to Issue Both Common and Preferred