Ordinary shareholders have a claim on the company's assets
A) at any time,equal to the value of their shares.
B) only after the claims of debtholders and preference shareholders have been satisfied.
C) after the claims of the preference shareholders have been satisfied,but before the debt holders.
D) never.Ordinary shareholders have no claim on the company's assets.
Correct Answer:
Verified
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Q17: Ordinary shareholders are essentially
A)creditors of the firm.
B)managers
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A)Mortgage bondholder
B)Preference
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