Q910
A stock which is issued to meet specific needs of company is considered as
A.
classified stock
AnswerB.
specific stock
C.
needed stock
D.
meeting stock
Answer: Option A
Solution
Answer: Option A
Solution:
A stock which is issued to meet specific needs of company is considered as classified stock. Classified stock is a type of common stock that has special privileges, such as enhanced voting rights or dividend rights.