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from treasury stock. 8Multiple Choice Question 54 Stockholders of a corporation directly elect the treasurer of the corporation. all of the employees of the corporation. the president of the corporation. the board of directors. 9- Multiple Choice Question 126 Which of the following is not a right or preference associated with preferred stock? Preference to corporate assets in case of liquidation The right to vote To receive dividends in arrears before common stockholders receive dividends First claim to dividends 10Multiple Choice Question 197 Restricting retained earnings for the cost of treasury stock purchased is a legal restriction. stock restriction.