The pre-emptive right of a common stockholder is the right to
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. The pre-emptive right of a common stockholder is the right to
Choices;
share proportionately in corporate assets upon liquidation.
share proportionately in any new issues of stock of the same class.
receive cash dividends before they are distributed to preferred stockholders.
exclude preferred stockholders from voting rights.
2. In computing diluted earnings per share, interest expense on convertible bond payable should be
Choices
ignored
Added back to net income net of tax
Added back to net income at gross
Deducted from net income net of tax
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