Common Stock Ownership
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Which of the following is not a right or attribute of common stock?
a) Electing directors
b) Liability limited to amount invested
c) Approving changes in corporate charter
d) Determining dividend policy
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Solution Summary
This solution discusses the rights and attributes of common stock.
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The correct answer is d) Determining dividend policy.
Common stockholders are the owners of the corporation. By law, their liability is ...
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