When a corporation has only one class of stock, the stock is called:
A) Preferred stock.
B) No-par value stock.
C) Common stock.
D) Stated value stock.
E) Par value stock.

Question

Quizplus · Accepted Answer

When a corporation has only one class of stock, it is referred to as common stock. Preferred stock, no-par value stock, stated value stock, and par value stock are all separate types of stock that a corporation may issue.

When a Corporation Has Only One Class of Stock, the Stock