1. Decide whether each of the following statements is true or false. (Click the icon to view the statements.) extracted from a recent annual report. (Click the icon to view the shareholders' equity report.) 1. Decide whether each of the following statements is true or false. a. The policy-making body in a corporation is called the board of directors. The owner of 150 preferred shares has greater voting rights than the owner of 150 b. common shares. Issuance of 1,000 common shares of $11 per share increases share capital by c. $11,000. A corporation issues its preferred shares in exchange for land and a building with a combined fair value of $180,000. This transaction increases the corporation's d. owners' equity by $180,000 regardless of the assets' prior book values. e. Preferred shares are a riskier investment than common shares. empty; do not select a label or enter a zero.) The shareholders contributed $ to shareholders' equity and $ was provided by profitable operations. This division suggests that the company been successful because almost all of its shareholders' equity has come from 2d. Write a sentence to describe what Classic Inc.'s shareholders' equity balance means. The total of Classic's shareholders' equity indicates that the have a claim to $ of the company's Statements a. The policy-making body in a corporation is called the board of directors. b. The owner of 150 preferred shares has greater voting rights than the owner of 150 common shares. c. Issuance of 1,000 common shares of $11 per share increases share capital by $11,000. d. A corporation issues its preferred shares in exchange for land and a building with a combined fair value of $180,000. This transaction increases the corporation's owners' equity by $180,000 regardless of the assets' prior book values. e. Preferred shares are a riskier investment than common shares. Shareholders' Equity Report