The limited liability of common stockholders refers to their
A) losses being limited to their original amount that they invested.
B) responsibility for any unpaid debts if the company goes bankrupt.
C) rights to elect a board of directors but not the company management.
D) lack of ownership of the retained earnings of the company.
Correct Answer:
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B)partnerships.
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A)Bondholders
B)Common stockholders
C)Preferred stockholders
D)Both
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