QUESTION 5 In the stockholders' equity section of a balance sheet: common stock is listed after preferred stock. common stock is not listed. common stock is listed after retained earnings. common stock is listed before preferred stock. OOOO QUESTION 6 For no-par value stock with a stated value: the stated value is like par value, but it is not printed on stock certificates. Directors cannot change stated value without approval of the state. stated value is the market value. All of the above are correct. QUESTION 7 Common stock sold at a discount is called: above par. below par. at a premium at par. QUESTION 8 Organization costs are: part of the company's start-up and are listed as expenses. a liability on the balance sheet. a current asset on the balance sheet. listed as an intangible asset on the balance sheet. QUESTION 9 Paid-in capital represents: the cumulative earnings of the company. the investments of the owners into the company. the undistributed earnings of the company. None of the above