Question

Common stock can have which of the following characteristics? It can be:_____.

a. cumulative.
b. non-cumulative.
c. convertible.
d. shareholder voting rights.

Answer 1

d. shareholder voting rights

Step-by-step explanation:

Cumulative is characteristic of preferred stock, in that dividend not paid in a year is carried forward and to be paid in the future.

When the preferred stock is non-cumulative, the dividend not paid in a year is forfeited.

Preferred stock or debenture can be convertible into a known number of common stock in the future.

The characteristic of common stock is that it entitles its holders to vote on certain major decisions.