1. 2. A corporation whose shares of stock could be owned by a large number of individuals is called A. A privately held corporation b. A publicly owned corporation A closely held corporation D A subsidiary corporation. Thompson Corporation signs a contractual agreement with the US Government where the US navy agrees to buy many products from Thompson in the near future. As a result of the news, Thompson=s market price of its stock rises by $5 per share. This increase in market value would cause An increase in retained earnings of S5 times the number of shares outstanding. An increase in paid in capital for $5 times the number of shares outstanding. C. An increase in treasury stock for $5 times the number of shares outstanding. D No change in the financial statements of the corporation. A. S. . D. MRD corp has $300,000 in the Retained Earnings account. This means that: A. MRD has $300,000 of cash available to pay dividends. MRD has had $300,000 of its asts financed through the profitable operation of the business. C. MRD had $300,000 of income this year. MRD $300,000 available to pay off their liabilities. The owner of this type of stock has the most influence on the management of a corporation Common Stock Preferred Stock C. Treasury Stock D. Cumulative stock . B