Michael owns 100 shares of stock in the Samson Electricals Corporation, but as a stockholder he does not have the right to vote in stockholders' meetings. In this scenario, Michael owns common stock.

Question

Quizplus · Accepted Answer

Common stockholders have the right to vote in stockholders' meetings, so if Michael does not have this right, he likely owns a different type of stock, such as preferred stock.

Michael Owns 100 Shares of Stock in the Samson Electricals