If a corporation has only one class of stock,it is understood to be:
A)preferred stock.
B)common stock.
C)participating stock.
D)redeemable stock.

Question

Quizplus · Accepted Answer

If a corporation has only one class of stock, it is common stock. Preferred stock, participating stock, and redeemable stock all refer to different types of stock that have specific characteristics and rights compared to common stock.

If a Corporation Has Only One Class of Stock,it Is