Which of the Following Is Not a Right or Attribute

question 5

Multiple Choice

Which of the following is not a right or attribute of common stock ownership?

• A)Electing directors
• B)Liability limited to amount invested
• C)Approving changes in corporate charter
• D)Determining dividend policy

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Definitions:

Manual Accounting System

A system in which someone performs each of the steps in the accounting cycle by hand.

Special Journals

Accounting books designed for recording specific types of transactions, such as sales, purchases, cash receipts, and cash disbursements.

Special Journals

Accounting journals designed for recording a specific type of transaction consistently, such as sales or purchases, for efficient processing.

General Journal

The primary accounting record where all financial transactions of a business are initially recorded before summarizing.