Which of the Following Statements Is Correct

question 43

Multiple Choice

Which of the following statements is correct?

• A)Market value is the figure selected by the organizers of the corporation to be assigned to each share of stock for accounting purposes.
• B)If there is only one class of stock, the stock is called preferred stock.
• C)The authorized capital stock is the number of shares that have been issued and are still in the hands of stockholders.
• D)In the event of liquidation, preferred stockholders have a claim on assets before that of common stockholders.

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Definitions:

Hair Cells

Specialized cells located in the inner ear that convert sound waves into electrical signals which can be interpreted by the brain.

Basilar Cells

Specialized cells found in the organ of Corti within the cochlea of the inner ear, which play a role in the hearing process by supporting the hair cells responsible for converting sound vibrations into electrical signals.

Ossicles

Three small bones located in the middle ear known as the malleus, incus, and stapes, which transmit sound vibrations from the eardrum to the inner ear.

Cochleas

Spiral-shaped organs located in the inner ear responsible for converting sound waves into electrical signals that can be interpreted by the brain.