Question: Which statement about ordinary shareholders is incorrect ? Shareholders only have a residual claim. Shareholders have precedence over all other claimholders in the case of

Which statement about ordinary shareholders is incorrect?

  1. Shareholders only have a residual claim.
  2. Shareholders have precedence over all other claimholders in the case of bankruptcy.
  3. Shareholders have voting rights.
  4. Shareholders are the ultimate owners of a corporation.

ANSWER:

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