and in 1. Stockholders generally have the right to share in corporate upon liquidation. per share that must be retained 2. Par value of stock represents the in the business for the protection of corporate 3. The stockholders' equity section of a corporation's balance sheet is generally divided in two major sections: (1) and (2) 4. If stock is issued in exchange for noncash assets, the assets should be valued at the of the consideration or the assets whichever is more clearly evident. 5. Preferred stock has contractual provisions that give it a preference over common stock as to and to in the event of liquidation. 6. The feature of preferred stock gives the preferred stockholders the right to receive current-year dividends and unpaid prior-year dividends before common stockholders receive any dividends