Which of the following is false?
A. The common stock of a corporation can be either privately or publicly owned.
B. Firms often issue common stock with no par value.
C. Preemptive rights often result in a dilution of ownership.
D. A firm’s corporate charter indicates how many authorized shares it can issue.
Answer:C
Which of the following is false?
A. The common stock of a corporation can be either privately or publicly owned. B. Firms often issue common stock with no par value. C. Preemptive rights often result in a dilution of ownership. D. A firm’s corporate charter indicates how many authorized shares it can issue.