Ask Question
15 April, 19:19

Dane is a stockholder in smallworld, inc., a c corporation that manufactures amusement park rides. the company recently lost a major court decision and will probably be forced into bankruptcy. in fact, the damages awarded are so great that, even if all company assets are sold and the proceeds are used to pay its debts, smallworld is likely to still owe money to its creditors. if smallworld goes bankrupt, dane and the other stockholders will:

+2
Answers (1)
  1. 15 April, 21:01
    0
    Dane and the other stockholders will lose their investments but nothing else. Because Dane and others are stockholders in this company, they will lose the money that they had invested in the company and they will no longer receive any dividend from the company again because the company has gone bankrupt. Dane and others are not liable for other debts that had been acquired by the company.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Dane is a stockholder in smallworld, inc., a c corporation that manufactures amusement park rides. the company recently lost a major court ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers