The preemptive right gives shareholders the right ________
A) to caste one vote for each share owned at the annual meeting of the company
B) to give up their vote to another party if they do not attend the annual meeting
C) to maintain their proportionate ownership in the corporation when new common stock is issued
D) to sell their share of stock at a premium in the event of liquidation
C
You might also like to view...
The three types of scanner data that are available are scanner panels, volume-tracking data, and scanner panels with cable TV
Indicate whether the statement is true or false
Which of the following statements is true?
a. Just as effective followership is important to realize effective leadership, effective leadership is important for effective followership. b. Context rarely affects followership. c. Loyalty can almost never be taken too far. d. Excessive loyalty can never be harmful.
Which one of the following is not one of the systematic maladies or “illnesses” to which teams are especially vulnerable?
a. groupthink b. free-riding c. social loafing d. virtual communication breakdown
At the end of the fiscal year, an adjusting entry is made that increases salaries payable and increases salaries expense. This entry is an application of which accounting principle?
a. Full disclosure b. Materiality c. Matching d. Realization e. Historical cost