Place the number corresponding to each of the following characteristics in the appropriate section of the diagram. If a characteristic
1. Receive a lower priority than creditors in terms of their claim to the assets of the business in the event of liquidation.
2. The shares may have cumulative dividends.
3. The shares carry voting rights.
4. Every corporation has this type of share.
5. The shares may be convertible.
6. They are part of a corporations share capital.
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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