Which of the Following Is Not a True Statement

question 91

Multiple Choice

Which of the following is not a true statement?

• A) Common stockholders have a residual claim to income.
• B) Bondholders may force a corporation into bankruptcy for failure to make interest payments.
• C) Common stockholders are legally entitled to some dividend.
• D) A minority interest can still elect members to the Board of Directors under cumulative voting even though someone else owns 51% of the stock.

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Definitions:

Randall Collins

A sociologist known for his work in conflict theory and his comprehensive studies of sociological theories.

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A system that requires children within a certain age range to attend school by law to receive basic education.

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