Which of the following is not a right possessed by common stockholders of a corp

Question

Which of the following is not a right possessed by common stockholders of a corporation? the right to vote in the election of the board of directors the right to receive a minimum amount of dividends the right to sell their stock to anyone they choose the right to share in assets upon liquidation A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-l stock split, the number of shares outstanding after the split will be 120.000 shares 40.000 shares 80.000 shares 13,333 shares

Explanation / Answer

5. B right to receive minimum amount of dividend.

As common stockholders are not preferred stockholders who have right for dividend .

6. A 120000 shares.

3 for 1 stock split means 40000 × 3 / 1= 120000 shares.

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