Part I. Multiple Choice (3 points each) Please circle the best answer. Which of the following about preemptive right is true? Preemptive right 1. a. allows the owners to maintain the same percentage ownership. b. allows the owners to vote. c. allows the majority owner to buy out other owners. d. None of the above is true. Which of the following most likely would be classified as a current liability? a. Dividends payable b. Bonds payable in 5 years c. Three-year notes payable d. Mortgage payable as a single payment in 10 years daton The current portion of long-term debt (due in one year or the current operating cycle) 3. 0000 1000 should a. be paid immediately. b. be reclassified as a current liability. c. be classified as a long-tem liability. d. not be separated from the long-term portion of debt. 4. The par value of a stock a. is legally required in some states. b. reflects the most recent market price. c. is selected by the SEC. d. is indicative of the market value of the stock. 5. The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30,000 shares, issued 25,000 shares)$250,000 Treasury stock (80 shares acquired at a cost of S15/share) $1,200 Based on the data, how many shares of common stock are outstanding? a. 30,000. b. 25,000. c. 29,920. d. 24,920. Treasury stock is 6. 2. 2