11 III 17. The total amount of stock that a corporation's charter allows it to issue is referred to as: Issued stock B. Outstanding stock C. Common stock p. Preferred stock E Authorized Stock 18. Janus Corporation reports the following components of stockholders' equity on December 31, 2019. $1.125.000 60,000 460,000 $1.645,000 Common stock-$25 par value, 100,000 shares authorized. 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity In the year 2019, the following transactions affected its stockholders' equity accounts: Jan. I Purchased 4.500 shares of its own stock at $27 cash per share Jan. 5 Directors declared a $3 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. What was the amount of dividends paid by the corporation on February 28? A. $300,000 B. $286,500 CS135,000 D. $121,500 E S 60,000 19. A corporation's distribution of additional shares of its own stock to its stockholders without the receipt of any payment in return is called a: A. Stock dividend B. Stock subscription C. Premium on stock D. Discount on stock E. Treasury stock 20. A company issued 7% preferred stock with a $100 par value. This means that: A. Preferred shareholders have a guaranteed dividend B. The amount of the potential dividend is $7 per year per preferred share C. Preferred shareholders are entitled to 7% of the annual income D. The market price per share will approximate $100 per share E. Only 7% of the total contributed capital can be preferred stock