The preemptive right refers to the right of common stockholders to O A Receive dividends before interest is paid to creditors B. Maintain their proportionate interests in the corporation when additional shares are issued O C. Vote on matters requiring the approval of owners o D. Receive assets before preferred stockholders when the corporation dissolves QUESTION 22 Which of the following events increases retained eamings? O A Declaring a cash dividend and paying a previously declared cash dividend B Declaring a 10% common stock dividend C. Purchasing treasury stock O D. None of the above QUESTION 23 Which of the following is not a cash equivalent for purposes'of preparing a statement of cash flows? O A Investment in Treasury bills OB. Investment in a money market fund o C. Investment in commercial paper o D. Investment in common stock of other companies QUESTION 24 A company reported annual income tax expense of $170,000 in 2016 During the year income tax payable increased rom a $12,400 beginning balance to $17,600 ending balance How much is cash paid for income taxes during the year? A $175,200 B. $169200 )C $164,800 D $187.600 Saveand Submit to save and smubmit, Ctck Save All Anwers to save all answers