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Q: Which of the following statements concerning the rights of common shareholders is correct, or most accurate? 1. Common shareholders are entitled to a share of the company's current earnings in
cash. 2. Common shareholders are entitled to elect the board of directors under a majority-rule voting system. 3. Because of their preemptive right, common shareholders are entitled to always subscribe to new common stock so that they can maintain their pro rata interest in the company. 4. Voting by common shareholders can be done either in person at the shareholders' annual meeting or by proxy.
A: Voting by common shareholders can be done either in person at the shareholders' annual meeting or by proxy : statements concerning the rights of common shareholders is correct, or most accurate.
jeifunk|Points 10828|
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Asked 10/17/2013 11:05:32 PM
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