Which of the following statements is true?
A) Preferred stockholders are considered to be the true owners of public corporations.
B) Dividends paid to preferred stockholders are not fixed.
C) Preferred stockholders do not typically have voting rights.
D) Preferred stock can never be converted to common stock.

Question

Quizplus · Accepted Answer

Preferred stockholders do not typically have voting rights. While they may have certain preferences or privileges, such as receiving dividends before common stockholders, they do not have the same level of control or decision-making power as common stockholders.

Which of the Following Statements Is True