I. True or False. 1. The equity of the owners of a corporation is called stockholders' equity. 2. In terms of capitalization, the partnership can raise more capital than a corporation. 3. The Paid-in Capital section in the balance sheet of a corporation shows the amount contributed by the owners. 4. If a corporation issues only one class of stock, this is the Preferred Stock. 5. A no-par value stock can be sold even at P1. 6. The price paid in excess of the par value of the capital stock is called premium. 7. A corporation is allowed to show in its balance sheet, the result of an upward revaluation of its assets. 8. Authorized shares represent only the unissued shares. 9. Treasury stock represent issued shares but later reacquired and cancelled. 10. A corporation is authorized to sell its stocks either for cash or other assets