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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.
voluntary restriction.
contractual restriction.
11Multiple 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.
12Multiple Choice Question 121