A share of stock represents a company-issued IOU including a promise to repay on a certain date.

Name: A share of stock represents a company-issued IOU including a promise to repay on a certain date.
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Question

Quizplus · Accepted Answer

A share of stock represents partial ownership in a company, not a company-issued IOU. While owning shares of stock may entitle the shareholder to certain benefits or dividends, they do not represent a debt owed by the company.

A Share of Stock Represents a Company-Issued IOU Including a Promise