When a corporation issues only one class of shares they are
A)Special shares
B)Preferred shares
C)Common shares
D)Private shares
E)Public shares

Question

Quizplus · Accepted Answer

When a corporation issues only one class of shares, they are referred to as common shares. Common shares are the most common type of shares issued by a corporation and represent ownership in the company. Holders of common shares have voting rights and may receive dividends, but their claims on assets and income are secondary to holders of preferred shares.

When a Corporation Issues Only One Class of Shares They