13) Treasury stock results from the A) firm selling stock for greater than its par value. B) cumulative feature on preferred stock. C) repurchase of outstanding stock D) authorization of additional shares of stock by the board of directors. 14) A proxy battle is the attempt by A) the creditors of a bankrupt firm to seize assets. B) the management to dismiss the board of directors C) a non-management group to gain control of the management of a firm through the solicitation of a sufficient number of corporate votes. D) the employees to unionize. 15) Which of the following typically applies to common stock but not to preferred stock? A) par value B) dividend yield C) legally considered as equity in the firm D) voting rights 16) Common stockholders are sometimes referred to as A) non preemptive right holders B) managers C) creditors D) residual owners 17) Dividends in arrears that must be paid to the preferred stockholders before payment of dividends to common stockholders are A) cumulative B) nonparticipating C) participating D) convertible 18) Shares of stock currently owned by a firm's shareholders are called A) authorized shares B) issued shares C) outstanding shares D) treasury shares 19) A firm issued 5,000 shares of SI par-value common stock receiving proceeds of S20 per share. The amount recorded for the paid-in capital in excess of par account is