Author Question: Because equityholders are the last to receive any distribution of assets as a result of bankruptcy ... (Read 47 times)

leilurhhh · **on:** Jul 10, 2018

Because equityholders are the last to receive any distribution of assets as a result of bankruptcy proceedings, they expect ________.

A) fixed dividend payments
B) greater returns from their investment in the firm's stock
C) all profits to be paid out in dividends
D) warrants to be attached to the stock issue

Question 2

The board of directors is typically responsible for ________.

A) approving strategic goals and plans
B) managing day-to-day operations
C) arranging finance for approved long-term investments
D) maintaining and controlling the firm's daily cash balances