WGU Intermediate Accounting 2

What are two descriptions of preemptive stock rights? - A privilege often referred to as warrant and a means of protecting stockholders from involuntary dilution of ownership. Why would a corporation reacquire stock by using the cost method rather than the par value method? - To make the stock available for future re-issue. What is a stockholder benefit of preferred stock? - Preferential payment of dividends. What is the effect on retained earnings of a company if the preferred stock holder...