Most C corporations have two classes of stock:
A) premium and normal
B) common and preferred
C) standard and substandard
D) regular and special
E) ordinary and distinct

Question

Quizplus · Accepted Answer

Common and preferred are the two classes of stock that most C corporations have. Common stockholders have voting rights and receive dividends when the company earns a profit, while preferred stockholders have priority over common stockholders in receiving dividends and liquidation payments.

Most C Corporations Have Two Classes of Stock