Author Question: The purpose of nonvoting common stock is to ________. A) limit the voting power of the management ... (Read 62 times)

@Brianna17 · **on:** Jul 10, 2018

The purpose of nonvoting common stock is to ________.

A) limit the voting power of the management
B) allow the minority interest to elect one director
C) raise capital without giving up any voting control
D) give preference on distribution of earnings to those shareholders who own the stock

Question 2

For the year ended December 31, 2014, a corporation had cash flow from operating activities of -10,000, cash flow from investment activities of 4,000, and cash flow from financing activities of 9,000.

The statement of cash flows would show a ________.
A) net decrease of 3,000 in cash and marketable securities
B) net decrease of 5,000 in cash and marketable securities
C) net increase of 3,000 in cash and marketable securities
D) net increase of 5,000 in cash and marketable securities