Allen Sutton has invested $800,000 in a privately-held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Sutton stand to lose? a. Up to his total investment of $800,000. b. Zero. c. The $800,000 plus any personal assets the creditors demand. d. $400,000. Ms. Ritchie sold 100 shares of Tremblant Corporation to Ms. Rowcroft for $1,000. As a result of this transaction, a. Tremblant Corporation's shareholders' equity did not change. b. Tremblant Corporation's shareholders' equity increased $1,000. c. Tremblant Corporation's shareholders\" equity decreased $1,000. d. Ms. Ritchie's equity increased $1,000. Allstate Inc. has 10,000 $5, cumulative preferred shares at December 31, 2010. If the board of directors declares a $40,000 annual dividend in 2010, a. the company will still owe the preferred shareholders $10,000 and should record a dividend payable in this amount. b. the company will owe the preferred shareholders nothing further. c. the $10,000 will be disclosed as dividends in arrears in the notes to the financial statements. d. the company still has to pay the preferred shareholders $50,000, regardless of what amount was declared