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3. Which of the following rights allows a shareholder of a corporation to maintain his or her proportionate interest in the corporation? A. Preemptive right

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3. Which of the following rights allows a shareholder of a corporation to maintain his or her proportionate interest in the corporation? A. Preemptive right B. Participation right C. Preferred right D. Cumulative right E. None of these. 4. The excess of the sales price of treasury stock oyer its cost should be credited to: A. Retained Earnings B. Paid-in Capital from Treasury stock C. Treasury stock D. Extraordinary Gain E. None of these

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