Which of the Following Is a TRUE Statement

question 32

Multiple Choice

Which of the following is a TRUE statement?

• A) Stockholders are guaranteed annual dividends.
• B) Stockholders receive their proportionate share of any assets remaining after the corporation pays its debts and liquidates.
• C) Stockholders may authorize a business contract on behalf of the corporation.
• D) Stockholders may vote only if they physically attend the annual stockholders' meeting.