When common or preferred shares are made available for sale to the public, the details of the shares are discussed in a legal document called articles of incorporation. share repurchase agreement. shareholder composition. prospectus. Question 19 (1 point) Which of the basic rights of shareholders does the preferred shareholder usually give up in order to acquire preferences over the common shareholder? right to share in profits and losses right to share in subsequent issues of shares right to share in assets upon liquidation right to vote When the value of a company is determined by the trading price of its shares multiplied by the number of shares outstanding, this is referred to as other comprehensive income. share capital. market capitalization. contributed surplus. Question 21 (1 point) Bailey Inc. issues 100,000 shares at $11 / share in January. Later that year the company is able to repurchase 9,000 of these shares at $10 per share. The effect of this is a decrease to the share capital account of $90,000. an increase to the contributed surplus account of $9,000. a decrease to total shareholders' equity of $99,000. an increase in retained earnings by $9,000