in the event of bankruptcy owners of joint-stock companies lose?
A. their private properties B. both company and private properties C. only the capital invested D. only their dividends
Correct Answer: C
Explanation
joint stock company is a company whose stock is owned jointly by the shareholders. In the event that a joint stock company declares bankruptcy, the company's shareholders may be entitled to a portion of the liquidated assets, depending on which shares they hold and how much liquid assets are left over. baUponnkruptc, a fiyrm will be required to sell all of its assets and pay off all debts.
