Unless the shares are specifically restricted, a holder of common stock with a preemptive right

may share proportionately in all of the following except

A. The vote for directors.

B. Corporate assets upon liquidation.

C. Cumulative dividends.

D. New issues of stock of the same class.

Accounting Auditing Budget Setting Banking

Question added by Deleted user
Date Posted: 2015/02/27

Upvote (1) Views (4) Followers (7) Answers (6) Report Question

by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Agree with Mr. Ahmed Abdullah >>>>>>>

by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option C >>>>>>>>>>>>>>>>>>> Cumulative dividends.

by Ezzidin Ibrahim , Financial Controller , Karim Food Industries

C. Cumulative dividends, a holder of a common stock with a preemptive right do not have the right for the cumulative dividends.

by Ahmed kandil , Cost Controller , Battour Holding Cpompany

ANSWER C IS THE CORRECT ANSWER

by Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

Option C may be correct, because if I remember rightly dividend is issued at discretion of the board.

by Muhammad Imran , Head of Accounts & Company Secretary , Fauji Infraavest Foods Limited

D. New issuance of stock of same class.

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