hd Select IS 5 Editing Voice Paragraph Styles 36.T, F. Outstanding stock is the capital stock that has been sold to the stockholders and still being held by them. 37. T, F. Privately-held corporation is one that has very few stockholders and whose shares are not sold to the general public. 38. T, F. A publicly-held corporation is one that has thousands of stockholders all over the country and whose stocks are sold in the country's stock exchanges. 39.T, F. One of the advantages of a corporation is the limited liability of its owners. 40. The Owners' Equity of the Balance Sheet consists of: a. Authorized Capital, Outstanding Stock, Retained Earnings b. Authorized Capital Outstanding Stock, Paid-In Capital Excess of Par, Retained Earnings c. Outstanding Stock, Paid-In Capital in Excess of Par, Retained Earnings (unrestricted) d. All of the above e. None of the above. 41. T, F. Preferred Stock has some preferences except in voting for change in management of executive staff of the corporation. Droom I o