Which feature is not applicable to common stock ownership?a. Right to receive dividends before preferred stockshareholders.b. Right to vote on appointment of external auditor.c. Right to receive residual assets of the company shouldit cease operations.d. All of the above are applicable to common stockownership.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which feature is not applicable to common stock ownership?
a. Right to receive dividends before preferred stock
shareholders.
b. Right to vote on appointment of external auditor.
c. Right to receive residual assets of the company should
it cease operations.
d. All of the above are applicable to common stock
ownership.

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