Name: 1. Cash dividends are paid on the basis of the number of shares A) authorized B) issued. C) outstanding. D) outstanding less the number of treasury shares. 2. The preemptive right of a common stockholder is the right to A) share proportionately in corporate assets upon liquidation. B)share proportionately in any new issues of stock of the same class. C) receive cash dividends before they are distributed to preferred stockholders. D) exclude preferred stockholders from voting rights