When a corporation has only one class of stock, the stock is called: 1. No-par v

Question

When a corporation has only one class of stock, the stock is called: 1. No-par value stock. 2. Preferred stock. 3. Par value stock. 4. Common stock. 5. Stated value stock. When a corporation has only one class of stock, the stock is called: 1. No-par value stock. 2. Preferred stock. 3. Par value stock. 4. Common stock. 5. Stated value stock. When a corporation has only one class of stock, the stock is called: 1. No-par value stock. 2. Preferred stock. 3. Par value stock. 4. Common stock. 5. Stated value stock.

Explanation / Answer

4) Common Stock

If a corporation has issued only one type, or class, of stock it will be Common Stock. It is the common stockholders who elect the board of directors, vote on whether to have a merger with another company, and get huge returns on their investment if the corporation becomes successful.

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