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Multiple Choice 1.0 point possible (graded, results hidden) Which of the following statement is false? The stockholders' equity section begins with paid-in capital. The authorization of capital stock does not result in a formal accounting entry (journal entry). Ownership of preferred stock gives the owner a voting right. Preferred stockholders get preference in terms of dividend receipt. Submit You have used 0 of 1 attempt Save Multiple Choice 1.0 point possible (graded, results hidden) The account Retained Earnings is: U a subdivision of paid-in capital. the amount paid as dividend. net profit accumulated by the corporation. reported as an expense in the income statement. O