(TCO 4) Common shareholders usually have all of the following rights, except
to share in the profits.
to share in assets upon liquidation.
to elect a board of directors.
to participate in the day-to-day operations.
(TCO 4) Outstanding common stock is
stock that is performing well on the New York Stock Exchange.
stock that has been authorized by the state for issue.
stock held in the corporate treasury.
(TCO 4) Our company declared a property dividend to give marketable securities to its common stockholders. The securities had cost our company $14 million and currently have a fair value of $32 million. Which would be included in recording the property dividend declaration?
Increase in a liability for $32 million
Decrease in retained earnings for $14 million
Decrease in marketable securities by $32 million
All of the above
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