Which of the statements below is FALSE? A.Shareholders elect the board of directors, which ultimately selects...
Which of the statements below is FALSE?
A.Shareholders elect the board of directors, which ultimately selects the management team that runs the dayminus−tominus−day operations of the company.
B. Common stock's ownership claim on the assets and cash flow of a company is often referred to as a residual claim.
C. The profits for common stock owners come before payment to employees, suppliers, government, and creditors.
D. Stock is a major financing source for public companies.
Homework Answers
The false statement is:-
C. The profits for common stock owners come before payment toemployees, suppliers, government, and creditors.
As the stockholders are last to get paid.
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