The right of common shareholders to protect their proportionate interest in a corporation by having the first
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Question:
The right of common shareholders to protect their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of common stock issued by the corporation is called a:
A. Voting right.
B. Preemptive right.
C. Right to call.
D. Financial leverage.
E. Proxy right.
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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