After Many Years as a Privately Held Corporation, Greeley Industries

question 98

Multiple Choice

After many years as a privately held corporation, Greeley Industries decided to offer stock to the general public. Greeley may discover that stockholders

• A) expect to be repaid at a future date.
• B) can legally demand dividend payments if the corporation maintains profitability.
• C) adversely affect the company's debt level.
• D) can exercise a significant impact on company management and policies.