11. Stockholders owning preferred stock that pays dividends in arrears (rollover dividends!) have preferred stock that is: a. non-cumulative cdiscounted b. cumulative d. counterfeit 12. If common stock is sold for more than par, the amounts in excess of par are credits to the capital account: a. Dividends payable - CS Retained Earnings - CS b. Treasury stock d. PIC XS par-CS a e. 13. Stockholders: a.elect a board of directors b. can sell their stock have limited liability d all of the above 2