If a corporation has only one class of stock

Accounting May 08, 2021

If a corporation has only one class of stock. the account is entitled common stock o A. Member stock. B. Owners' stock. C. Capital stock. n Preferred dnek

Expert Solution

Answer

C .

Explanation

The correct option is C "Capital Stock". If a corporation has only one classes of stock, it is understood to be "Common stock" because common stock is must for any corporation to be constituted and the other one is capital stock.

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