A) B) C) 5) D) E) E) D) A) B) C) 4) E) C) D) 1) A) B) C) 2) A) B) C) D) E) 3) A) B) The number of shares that a corporation's charter allows it to sell is referred to as: Authorized stock. Common stock. Preferred stock. Issued stock. Outstanding stock. Par value of stock refers to the: Value assigned per share by the corporate charter filed with the state. Issue price of the stock. Dividend value of the stock. Market value of the stock on the date of the financial statements. Maximum selling price of the stock. Retained earnings: Can only be appropriated by setting aside a cash fund. Generally consists of a company's cumulative net income less any net losses and dividends declar since its inception. Represent an amount of cash available to pay shareholders. Are never adjusted for anything other than net income or dividends. Represents the amount shareholders are guaranteed to receive upon company liquidation. A dividend preference for preferred stock means that: Dividends must be declared on preferred stock. Preferred stockholders are paid their dividends before dividends are paid to common stoc Preferred stockholders prefer dividends more than common stockholders. Preferred shareholders are guaranteed dividends. Dividends are paid quarterly. Stock that is reacquired by a corporation is called: Capital stock. Preferred stock. Treasury stock. Callable stock. Redeemed stock.