Which of the Statements Below Is TRUE

question 68

Multiple Choice

Which of the statements below is TRUE?

• A)The profits for common stock owners come after payment to the employees,suppliers,government,and creditors.
• B)Shareholders elect the board of directors,which ultimately selects the bondholder team that runs the day-to-day operations of the company.
• C)Stock is a minor financing source for public companies.
• D)Stockholders are paid before debt holders (bondholders)if a company fails.