Which of the following is not a right or preference associated with preferred stock? a. To receive dividends in arrears before common stockholders receive dividends. b. Preference to corporate assets in case of liquidation. OC. First claim to dividends. d. The right to vote. QUESTION 14 Contingent liabilities for pending litigation are not recorded, because to do so would be to admit liability while the lawsuit was still in progress. b. recorded when a loss is probable, if the amount can also be estimated. C. recorded when a loss is probable, even if the amount cannot be estimated. d. recorded when a loss is reasonably possible, if the amount can also be estimated. e. recorded when a loss is reasonably possible, even if the amount cannot be estimated.