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Which of the following is not a true statement? A. Common stockholders have a residual claim to income. B. Bondholders may force a corporation into
Which of the following is not a true statement?
A. | Common stockholders have a residual claim to income. | |
B. | Bondholders may force a corporation into bankruptcy for failure to make interest payments. | |
C. | Common stockholders are legally entitled to some dividend. | |
D. | A minority interest can still elect members to the Board of Directors under cumulative voting even though someone else owns 51% of the stock. |
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