Corporate stock can be divided into classes called ________,which can be further divided into ________.

Question

Quizplus · Accepted Answer

Corporate stock can be divided into classes called preferred and common, with preferred shares having priority over common shares in terms of dividends and liquidation payments. The other options are incorrect as authorized shares refer to the maximum number of shares a company may issue and debentures are a type of debt security, not a class of stock.

Corporate Stock Can Be Divided into Classes Called ________,Which Can