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Can someone help with these? Thank you. 13. The par value of a stock is the minimum amount of capital of the corporation existing for

Can someone help with these? Thank you. image text in transcribed
13. The par value of a stock is the minimum amount of capital of the corporation existing for the protection of creditors. True b. False a 14. The additional paid-in capital account represents profit to the corporation and, as such, it is credited to Retained Earnings a True b. False 15. Preferred stockholders generally do not have the same voting rights in a corporation as common stockholders a. True False 16. When a corporation fails to pay a dividend one year on its common stock, it is said to be "in arrears." True b. False a 17. Cumulative preferred stock means the stock is entitled to its regular dividend plus an additional share of the total amount of declared dividends. True b. False 18. The payment of cash dividends to common stockholders is classified as a financing activity on the statement of cash flows whereas payment of a cash dividend to preferred stockholders is classified as an investing activity. a True b. False 19. In the Stockholders' Equity section of a balance sheet, par value of common stock is presented first, followed by par value of preferred stock, followed by additional paid-in capital on common stock, followed by additional paid-in capital on preferred stock. True False 20. A corporation must always have more than one class of stock. a. True b. False 21. The relationship between book value and market price of capital stock is a measure of investors confidence in a company's management. a True b. False 22. A stock split will normally increase the market price of the stock and decrease the number of shares on the market. True b. False

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