When the corporation acquirers own ordinary shares

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Reference no: EM132940034

Problem 1: When the corporation acquirers its own ordinary shares from shareholders,

A. total ordinary shares account balance will increase.
B. total number of authorized shares will increase.
C. total shareholders' equity will decrease.
D. total number of shares issued will decrease.

Problem 2: These are the rights of a shareholder EXCEPT

A. To receive dividends annually.
B. To adopt, amend or repeal the by-laws.
C. To participate in the distribution of corporate assets upon dissolution.
D. To be issued certificate of stock or other evidence of share ownership and to transfer such shares,.

Reference no: EM132940034

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