Learning Outcomes After studying this chapter, you should be able to clearly axplain: See the discussion of sharcholder ownenhip tightes 44-1 Corporate Stocks and Bonds including the right to vote, inspea booles and rewonk L0.1 Explain how to calculate the book value of a share L0.5 Explain the nature of a sharcholder derivative of stock L0.2 Distinguish between stocks and bonds See the discussion of stocks as an ownership interest in See the Abercrombic \& Fitch Co. litigation where the a corporation and bonds as a corporate debt, page 904. court did not defer to the special litigation commitine 44-2 Acquisition of Shares (SLC) because one of the two members was noe L0.3 Distinguish between subscriptions for and trans-_ "independent," page 917. fers of stock 44-4 Liability of Shareholders See the discussion of stock subscriptions for new 10.6 Explain the exceptions to the limited liability of issues of stock, page 907. sharcholders See the discussion of transfers of shares and the See the Inter-Td case where "grandpurent" and impact of restrictions, pages 907908. "parent" corporations transferred all income and anco 44-3 Rights of Shareholders to themselves, and as a result the corporate entitios wern L0.4 Explain the rights of shareholders disrogarded to accomplish justice, pages 918919