Examlex
Sharon needs to save a document in a format that can be viewed by a wide variety of computers.She should do which of the following?
Preemptive Rights
The right of existing shareholders to maintain their proportional ownership in a company by purchasing a proportional number of new shares before the company offers them to the public.
Treasury Stock
Treasury Stock refers to shares that were issued and subsequently repurchased by the issuing company, reducing the amount of outstanding stock on the open market.
Authorized Stock
The total number of shares a corporation is legally allowed to issue, as defined in its articles of incorporation.
Treasury Stock
Shares that were issued by a company and later reacquired. These shares do not pay dividends or have voting rights while held by the company.
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