Which of the following is not a right of owners of common shares?

Question

Quizplus · Accepted Answer

Owners of common shares do have the right to residual assets in liquidation, vote on proposed mergers, vote for company directors, and share in company profits. However, they do not have the right to obtain past dividends not paid. Once a dividend is declared, it becomes a debt owed by the company, but if it is not paid, it does not become a right or entitlement of the shareholder.

Which of the Following Is Not a Right of Owners