The right to a residual claim on assets means that:  options: a) if a corporation goes out of business and liquidates its assets, the common stockholders must be repaid the capital invested by them before the company pays its other dues. b) if a corporation goes out of business and liquidates its assets, common stockholders have a right to share in the proceeds in proportion to their ownership. c) common stockholders of a corporation have the right to vote on issues regarding the liquidation of its assets when it goes out of business. d) if a corporation goes out of business and liquidates its assets, common stockholders have to be paid a set interest on the capital invested by them

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The detailed answer for the above question is provided below The correct option is b i... View the full answer