these are just multiple choice questions. dont need explanations

9.

The right of a common stockholder to purchase additional stock issued by a company

is classified as ____________.

A

common right.

B

preemptive right.

C

purchase right.

D

selling right.

10.

Which of the following statements is NOT the purpose of repurchasing of treasury

stock?

A

To reissue the shares to officers and employees as bonus and stock

compensation plans.

B

To have additional shares available for use in the acquisition of other companies.

C

To reduce shareholders claim on assets permanently.

D

To reduce the number of available shares.