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Sagot :
The entry to record this transaction will include a $2,200 credit to common stock.
Common stock alludes to the shares of proprietorship interest in a U.S. corporation. The proprietors of the common stock are alluded to as common stockholders, common shareholders, or basically as stockholders or shareholders. [A relatively couple of corporations issue favored stock in addition to its common stock.]
Generally, the holders of common stock:
- Choose the corporation's board of chiefs
- Vote on consolidations
- Participate in increases and decreases in the market value of the shares of common stock
- Get cash profits as the corporation's earnings and cash needs license
to know more about stockholders click here:
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