capital 6 Legal 7 Cumulative feature 8. Par value 9Treasury stock 10 Paid-in capital dividend and announces it to stockholders. g. A corporation's distribution of cash or stock to its stockhol a pro rata (proportional) basis. h. Total amount paid-in on capital stock. i. Preferred stockholders have a right to receive current and prior-year dividends before common stockholders receive dividendss j. A pro rata distribution of cash to stockholders. Il. True or False - Determine if the following statements are True (T) or False (F). (30 points) 1 When no-par value stock does not have a stated value, the entire proceeds from the issuance 2A corporation can issue more shares than it is authorized in its charter, if the board of directors 3. Each stockholder in a corporation has a separate capital account in the stockholders' equity se the stock become legal capital. of an increase in the number of authorized shares of the balance sheet Dividends are declared out of retained earnings. When a corporation has only one class of capital stock, it is identified as preferred stock. Retained earnings are a part of stockholders' equity. Stock can be issued only in exchange for cash. Treasury stock is a contra stockholders' equity account. Preferred stockholders generally do not have the right to vote for the board of directors. Dividends in arrears on cumulative preferred stock are considered a liability cx