Which of the following is TRUE of a common stock?

Question

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Common stock does not have a fixed dividend payment obligation, unlike preferred stock. The payment of dividends on common stock is at the discretion of the company's management and dependent on its profitability and other factors. Common stock does give voting rights, but they do not determine the amount of dividend receivable. Claims on income and assets of common stockholders are inferior to those of creditors of the firm. Dividends on common stock are not tax-deductible.

Which of the Following Is TRUE of a Common Stock