The residual right of common stockholders refers to their right to:
A) examine the corporation's annual reports and other reports, and take legal action if irregularities are found.
B) receive all announced dividends in accordance with the number of shares held.
C) claim company assets in bankruptcy after wages, taxes, creditors and preferred shareholders have been paid.
D) vote in elections for the board of directors and in other important business decisions, such as changes to the charter.
Answer: C) claim company assets in bankruptcy after wages, taxes, creditors and preferred shareholders have been paid.