Question 36 2 pts The state charter allows a corporation to issue only a certain number of shares of each class of stock. This amount of stock is called treasury stock issued stock O outstanding stock authorized stock Question 37 2 pts Which of the following is not a right possessed by common stockholders of a corporation? the right to vote in the election of the board of directors the right to receive a minimum amount of dividends the right to sell their stock to anyone they choose the right to share in assets upon liquidation Question 38 2 pts The entry to record the issuance of common stock at a price above par includes a debit to Organizational Expenses Common Stock Cash Paid-In Capital in Excess of Par-Common Stock Question 40 2 pts The liability for a dividend is recorded on which of the following dates? the date of record the date of payment the last day of the fiscal year the date of declaration Question 41 2 pts A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? $3,200 O $6,400 O $4,800 O $8,800