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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 10- Multiple Choice Question 197 Restricting retained earnings for the cost of treasury stock purchased is a legal restriction. stock restriction. voluntary restriction. contractual restriction. 11- Multiple Choice Question 115 A company would not acquire treasury stock in order to reissue shares to officers. as an asset investment. in order to increase trading of the company’s stock. to have additional shares available to use in acquisitions of other companies. 12-