Retained earnings is usually subtracted from paid-in capital to arrive at total stockholders' equity Select one: True False Luck Corporation issues 100 shares of $10 par value preference shares at $12 per share .In recording the transaction, debit are made to Select one: a. cash 1,200 b. cash 1,000 c. preference shares 1,200 d. preference shares 1,000 and share premium -preference 200 The par value of stock issued for noncash assets is never a factor in determining the cost of the assets received Select one: True False Preferred stockholders generally do have the right to vote for the board of directors Select one: True False