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Mrrafil [7]
3 years ago
9

If a stock has a preemptive right, it gives current stockholders the right to purchase any new shares issued by the firm, so as

to maintain their level of ownership. This right helps protect current stockholders against both dilution of control and dilution of value.
a. True
b. False
Business
1 answer:
Leto [7]3 years ago
3 0

Answer: True

Explanation:

When new shares are issued, the preemptive right helps maintain the position of the shareholder. The preemptive right is vital to shareholders as it protects them against the dilution of ownership interests.

Also, it gives current stockholders the right to purchase any new shares issued by the firm, so as to maintain their level of ownership.

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Answer:

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Explanation:

Finerly should recognize $0 of revenue upon delivery to distributors. Because of the uncertainty of the returns due to the fact that Finerly does not know if it will have to accept the cosmetics back from the distributors if the cosmetics are not sold, Finerly cannot or should not recognize revenue until it either can estimate in a better way its returns or when the sales actually occur.

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What htcn certification level requires candidates have three years of experience in computing investigations for law enforcement
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The answer is "Certified Computer Forensic Technician, Basic".


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2 years ago
send your client an email with a project and risk status. You ask for feedback on project performance. Which best practice shoul
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Splish Brothers Inc. began operations on April 1 by issuing 52,300 shares of $5 par value common stock for cash at $15 per share
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Answer:

Date    Account titles and Explanation               Debit        Credit

Apr 1    Cash                                                        $679,900

                  Common stock                                                    $261,500

                  (52,300*5)

                  Paid in common stock in excess of par             $418,400

                  (52,300*$13-$5)

            (To record common stock issued)

Apr 19   Organisation expenses                         $28,900

                  Common stock                                                     $9,000

                  (1800*5)

                  Paid in common stock in excess of par              $19,900

            (To record issuance of comm1,100on stock for attorney.s fees)

Apr 19    Cash (1,100*$6)                                      $6,600

                  Preferred stock (1,100*$1)                                     $1,100

                  Paid in preferred capital in excess of par            $5,500

            (To record common preferred stock for cash)

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