Answered step by step
Verified Expert Solution
Question
1 Approved Answer
K's for defunct but formerly publicly traded U.S. registered companies may be found by searching the U.S. Security and change Commission filings database at https://www.sec.gov/edgar.shtml.
K's for defunct but formerly publicly traded U.S. registered companies may be found by searching the U.S. Security and change Commission filings database at https://www.sec.gov/edgar.shtml. Question 15 2 pts Based on Alphabet's 10K for FY2019. Alphabet has three classes of stock with unequal voting rights. As of December 31, 2019, select the answer below that best describes the nature and voting power of Alphabet stock from the selection below. Class A and B common stock has one vote per share and Class C capital stock has no voting rights, Larry Page and Sergey Brin owne 51.2% of the outstanding Class A and B common stock providing them full control of the company. Class B common stock has 10 votes per share, Class A has one vote per share, and Class C capital stock has no voting rights. Larry Page and Sergey Brin owne 84.3% of the outstanding Class B common stock providing them 51.2% of the outstanding stock voting power. Class A and B common stock has one vote per share and Class C capital stock has no voting rights. Larry Page and Sergey Brin owne 84.3% of the outstanding Class A and B common stock providing them full control of the company. Class B common stock has 100 votes per share. Class A has one vote per share, and Class C capital stock has no voting rights. Larry Page and Sergey Brin owne 84.3% of the outstanding Class B common stock providing them 51,2% of the outstanding stock voting power
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started