cupcakebls5080 cupcakebls5080
  • 13-01-2020
  • Business
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Any excess funds above those required to pay off encumbrances realized at a foreclosure sale belong to:

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ahmedgodtrust
ahmedgodtrust ahmedgodtrust
  • 13-01-2020

Answer:

Any excess funds above those required to pay-off encumbrances realized at a foreclosure sale belong to common stockholders.

Explanation:

Common stockholders are the legal owners of a company. Any excess funds realized at a foreclosure sale are distributed to common stockholders.

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