17.Which of the following is nota right or preference associated with preferred shares?(a)The right to vote.(b)First claim to dividends.(c)Preference to corporate assets in case of liquidation.(d)To receive dividends in arrears before common shareholders receive dividends18. For a corporation reporting under IFRS, when shares are issued for a non-cash consideration and a ready market for the shares exists, they are recorded at(a)zero.(b)the fair value of the shares.(c)the fair value of the assets acquired.(d)theaverage of the fair value of the shares and the fair value of the assets acquired.19.Which of the following factors does notaffect the initial market price of a share?(a)The company's anticipated future profit(b)The legal value of the share(c)The current state of the economy(d)The expected dividend rate per share20.If a company reporting under ASPE decides to use the cost model to account for an investment in common shares, dividends received should be(a)credited to the investment account.(b)credited to the Dividend Revenue account.(c)debited to the investment account.(d)recorded only when 20% or more of the shares are owned.