Which of the following statements is NOT true regarding common and preferred stock?
A) Common stock is the most basic and common type of stock.
B) All corporations issue common stock.
C) Preferred stock owners do not usually have voting rights.
D) Preferred stockholders have priority over common stockholders regarding dividends and the distribution of assets upon liquidation.
E) With preferred shares,the amount of the dividend is generally specified and increases every year.
Correct Answer:
Verified
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