1. Common stockholders usually have all of the following rights except a To receive dividends when declared To share in the distribution of assets s. To elect board of directors d. To participate in the day-to-day operations 2. The par value of shares issued represents a The amount received when the stock was issued b. The liquidation value of a share. c. The market value of a share of stock e the gal caia a ed whan the corporation was first established. 3. Outstanding common stock specifically refers to: a Stock in the hands of stockholders b. Stock that has been authorized for issuance c. Stock issued plus treasury stock d. Stock that is performing wel. 4. The corporation's own stock that has been issued and then repurchased by the company is to as tock referred to as: a. Preferred Stock b. Authorized Stock C. Treasury Stock d. Common Stock. 5. C&C Corp. issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2017 All remaining shares are common stock. The company was not able to pay dividends in 2017, but plans to pay dividends of $18,000 in 2018. Assuming the preferred stock is cumulative, how much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018? a. $6,000 to preferred stockholders and $12,000 to common stockholders. b. $18,000 to preferred stockholders and $0 to common stockholders. $12,000 to preferred stockholders and $6,000 to common stockholders. d. $9,000 to preferred stockholders and $9,000 to common stockholders. c. 6. Journal entries to record cash dividends when announced and the payment of the dividends are made on the: a. Declaration date, record date, and payment date. Record date and payment date. Declaration date and payment date. Declaration date and record date