Maggy recently purchased a share of common stock in Company X for $34.78. Company X is the developer and manufacturer of medically questionable devices it claims will rid the human body of all viruses. The business is valued at $950,000 and has a capital structure consisting of $575,000 of debt and $55,000 of preferred stock, in addition to its 9,200 shares of common stock. Unfortunately, within 24 hours of Maggy's purchase of the share, Company X was sued for $7 quattuorvigintillion (that's a 7 followed by 75 zeros). Regarding the lawsuit, what is Maggy's maximum liability? $0.00 b. $34.78 $7 quattuorvigintillion d None of the above. 1. a ANSWER: 2 a. The lawsuit was eventually dismissed, but not before Company X was forced to go out of business. If the business was only valued at $500,000, how much will the holders of preferred stock receive? $0.0 b. $34.78 Either of the above None of the above d ANSWER 3. Which business organizational forms could Company X hare used that would have ensured she wouldn't lose her personal assets in a case like this? (List all that apply) 4. a What form of business organization has Limited Liability and Pass-Through Tax Treatment? Sole Proprietorship b. Limited Liability Company. C Corporation d. All of the above. c