2 question pls,thanks!

QUESTION 5 Companies finance their operations by selling stock and/or issuing debt. One key difference between those choices includes the following: O A company must use the cash proceeds from bonds to expand operations, while there are no restrictions on cash received from stock. Bonds are typically issued to one investor only, while stock may be issued to many investors. Dividends must be paid on stock, while payment of interest is optional. o Bonds represent debt, while stock represents ownership. O QUESTION 7 Which of the following statements regarding equity is false? Par value represents the legal capital that must be retained when a stock is issued. O Dividends declared reduce earned capital. Paid-in capital in excess is generated with no-par stock with no stated value. Preferred shareholders typically do not receive voting rights