I1. The costs of bringing a corporation into existence, including legal fees, promoter fees and amounts paid do obtain a charter are called: A. Minimum legal capital R. Sock subscriptions C Organization costs D. Cumulative costs E Prepaid fees 12. Sock that was reaoquired by the company and is still held by the issuing corporation is called: A. Capital stock B. Treasury stock C. Redeemed stock D. Preferred stock E. Callable stock 13. Owners of preferred stock often do mot have: A. Ownership rights to assets of the corporation B. Voting rights C. Preference to dividends D. The right to sell their stock on the open market E. Preference to assets at liquidation 14. A class of stock that does not have a par value and can usually be issued at any price without creating a minimum legal capital deficiency is called: A. Convertible stock B. No-par stock C. Callable stock D. Noncumulative stock E. Discounted stock 15. Stated value of no-par stock is: A. Another name for redemption value B. An amount assigned to par value stock by the state of incorporation C. The market value of the stock on the date of issuance D. The difference between the par value of stock and the amount below or above par value contributed by the stockholder E. An amount assigned to no-par stock by the corporation's board of directors 16. Par value of a stock refers to the: A. Issue price of the stock B. Value assigned to a share of stock by the corporate charter C. Market value of the stock on the date of the financial statements D. Maximum selling price of the stock E. Dividend value of the stock Pref E. A