Ordinary shares can be best described as:
A)securities with an ownership interest in a company with no voting rights.
B)securities with an ownership interest with voting rights.
C)having a residual interest in the net assets of the issuing company.
D)securities with an ownership interest with voting rights which have a residual interest in the net assets of the issuing company.

Question

Quizplus · Accepted Answer

Ordinary shares represent an ownership interest in a company, which typically includes voting rights. Holders of ordinary shares also have a residual interest in the company's net assets, meaning they have a claim on the assets only after claims of creditors and preferred shareholders are satisfied.

Ordinary Shares Can Be Best Described As