Which of the statements below is TRUE?

A.The profits for common stock owners come after payment to the employees, suppliers, government, and creditors.

B.Stock is a minor financing source for public companies.

C.Shareholders elect the board of directors, which ultimately selects the bondholder team that runs the dayminustominusday operations of the company.

D.Stockholders are paid before debt holders (bondholders) if a company fails.