A(n)_____ is a claim on the net income and assets of a corporation.

Question

Quizplus · Accepted Answer

A share represents ownership in a corporation and entitles the shareholder to a claim on the net income and assets of the corporation. Bond represents a debt obligation, annuity represents a series of payments, perpetuity represents a never-ending stream of payments, and dividend represents a distribution of a portion of a corporation's earnings to its shareholders.

A(n)_____ Is a Claim on the Net Income and Assets