Which One of the Following Is NOT a Stockholders' Right

question 89

Multiple Choice

Which one of the following is NOT a stockholders' right of ownership in a corporation?

• A) To vote and elect the board of directors
• B) To receive a proportionate share of the assets upon liquidation
• C) To maintain one's proportional share of ownership in the corporation
• D) To declare dividends

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Definitions:

Depreciation

The process of allocating the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up.

Valuation Technique

Methods and procedures used to estimate the value of an asset, liability, or company, including discounting cash flow analysis and comparative market analysis.

Expense Recognition

The accounting principle that costs are recorded in the period they are incurred in and matched with the revenues they help to generate.

Revenue Recognition

The accounting principle that determines the specific conditions under which income becomes realized as revenue.