Asked by
Sarah Kilsworth
on Nov 30, 2024Verified
What right does a share confer on its owner in regard to an interest in the corporation?
A) Right to participate in control.
B) Right to participate in earnings of the corporation.
C) Right to participate in residual assets of the corporation upon dissolution.
D) All of these are conferred.
Residual Assets
The remaining assets that belong to shareholders after a company has paid all its debts and obligations.
Dissolution
The act of dissolving or ending an entity, such as the termination of a corporation or partnership.
- Recognize the rights conferred by ownership of shares in a corporation.
Verified Answer
VL
Learning Objectives
- Recognize the rights conferred by ownership of shares in a corporation.