Question 17 (1 point) Every corporation must have one class of shares that represents the company's basic voting ownership rights. 1) True 2) False Question 13 (1 point) Share capital represents the amount that investors paid for the shares when they were initially issued by the company. 1) True 2) False Question 14 (1 point) In the case of liquidation, where do preferred shareholders rank? 1) before common shareholders and after creditors 2) after creditors and common shareholders 3) after creditors and equally with common shareholders 4) before creditors and common shareholders Question 15 (1 point) Convertible preferred shares are convertible to common shares at the option of the shareholder 1) True 2) False