1. Cumulative preferred shares are required to receive dividends every year.
2. Par-value shares cannot be issued below par.
3. Issued shares will be higher than outstanding shares if there are treasury shares outstanding.
4. Share issue costs are always treated as a reduction of the amount received from issued share capital.
5. Revaluation surpluses from the revaluation model for a building is an item in AOCI.

Required:
Identify whether each statement is true or false.