UICK EXPLANATION PLEASE AND LETTER OF THE ANSWER THANK YOU. Which of the following is a false statement? A. As a general rule shareholders cannot compute the board of directors of the corporation to issue a dividend B. Common stock represent the residual ownership of the corporation C. The board of directors of the corporation must approve any merger plan D. Preemptive rights of shareholders are illegal in most States since they maintain the current corporation ownership structure and thus perpetuate the "good old boy" network and "glass ceiling