Receivables notcurrently collectible are reported in the ...

[APUS57]

Receivables notcurrently collectible are reported in the investments section of the balance sheet.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Discuss the ownership rights available to common shareholders.
 
  What will be an ideal response?

[mk6555]

Answer to Question 1

True

Answer to Question 2

Common shareholders have the right to vote for members of the board of directors of the corporation. Common shareholders have the right to share in any distribution of corporate earnings. If a corporation goes bankrupt, common shareholders may recover some of the amount invested in the corporation after creditors and preferred shareholders are paid. Finally, common shareholders have the right to purchase more shares when a corporation issues new stock.