1. The Par Value of a stock is: a. The tax value at the time of issue b. The value in the market c. The value assigned when incorporating the business and which is printed on the share certificate d. All of the above are correct 2. The date a corporation assumes the debt to pay a cash dividend is the date of: a. Statement b. Shareholders record (record) c. Payment of money to shareholders d. Closing of the accounting period 3. Which of the following is generally not a right of common stockholders? a. Select the members of the Board of Directors b. declare dividends c. Receive a proportional distribution in the event that the corporation has to liquidate d. Receive distribution of profits from the corporation 4. The shares in portfolio (Treasury stock) represent: a. Permanent withdrawal of shares from shareholders' equity b. Issuance of shares c. assets of the corporation d. Purchase by a corporation of its own outstanding shares 5. If the sale price of the shares in portfolio (Treasury Stock) exceeds its cost, the excess or difference is recorded in the account: a. Retained Earnings b. Paid in Capital, Treasury Stock c. Treasury Stock d. Gain from sale of stock