Can you help me answer these questions so I can compare mine to yours?

1.

Which statement is correct? O It takes a minimum of 5 persons in order to form a corporation in the Philippines. In terms of financial obligation, all shareholders of a corporation are equivalent to limited partners of a partnership. No portion of the amount received from issuance of par value shares can be returned to shareholders during the lifetime of the corporation. all of the above O none of the aboveWhich statement about preference shares (PS) is incorrect? * C The issuance of PS increases the PS outstanding and shareholders equity When PS carry a redemption privilege, the shareholders' may surrender the PS for a specified amount of cash When an entity calls in all of the PS for more than the original issue price, the excess over the original issue price should be charged against retained earnings O Convertible PS are accounted for as financial liability. none of the above