Bea transfers shares of stock that she owns in Coin Laundry Corporation to Dick. A shareholders' meeting takes place before his ownership is entered in the firm's stock book. A vote at the meeting can be cast by

Question

Bea transfers shares of stock that she owns in Coin Laundry Corporation to Dick. A shareholders' meeting takes place before his ownership is entered in the firm's stock book. A vote at the meeting can be cast by​

Quizplus · Accepted Answer

Until Dick's ownership is officially entered in the stock book, he is not considered a shareholder and thus cannot cast a vote at the meeting. Only Bea, as the current shareholder of the stock, is eligible to cast a vote. Therefore, the correct answer is B) Bea.

Bea Transfers Shares of Stock That She Owns in Coin