A Corporation Currently Has Two Classes of Common Shares; Class

question 23

Multiple Choice

A corporation currently has two classes of common shares; Class A with 1 vote per share and Class B with 10 votes per share.The owners of the Class B shares have recently announced that all of their outstanding shares will be exchanged for Class A shares.Which of the following statements is true?

• A)The change will improve the corporate governance of the company.
• B)This is an example of convertible preferred shares.
• C)The company will pay a lower amount in dividends in the future.
• D)The change will decrease the legal capital of the company.

Calculate earnings based on hourly rates and total hours worked.

Perform arithmetic operations with the purpose of budgeting and financial planning.

Understand and perform basic mathematical calculations.

Calculate the earnings given hourly rates and hours worked.

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Definitions:

Field Selector

A user interface element that enables the user to choose specific fields or data elements for display or manipulation.

Field Bar

The Field Bar is a user interface element in software applications where specific fields' data or options can be entered or displayed; commonly seen in databases or form-based interfaces.

Add New

A command or button in software applications used to create a new entity, like a document, database record, or item in a list.

New (Blank)

A state or condition of being empty or untouched, starting from the beginning, often referring to a document or file with no content.