Which of the following statements regarding stocks and their terms is FALSE A Stockholders are the legal owners of a corporation B Stockholders hare residual claimants C Common stockholders have the highest priority claim in the event of bankruptcy D Stockholders have limited liability

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Which of the following statements regarding stocks and their terms is FALSE? A. Stockholders are the legal owners of a corporation. B. Stockholders hare residual

Which of the following statements regarding stocks and their terms is FALSE?

	A.	Stockholders are the legal owners of a corporation.
	B.	Stockholders hare residual claimants.
	C.	Common stockholders have the highest priority claim in the event of bankruptcy.
	D.	Stockholders have limited liability.

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