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stranahan stranahan
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7 years ago
Which of the statements below is FALSE?
A) Common stock's ownership claim on the assets and cash flow of a company is often referred to as a residual claim.
B) Stock is a major financing source for public companies.
C) Shareholders elect the board of directors, which ultimately selects the management team that runs the day-to-day operations of the company.
D) The profits for common stock owners come before payment to employees, suppliers, government, and creditors.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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grouseelygrouseely
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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