The Price at which a share of stock is bought or sold it knows as per value. True False Paid-in capital is the local amount of cash and other assets the corporation receives from its stockholders in exchange for its stock. True False The total number of shares outstanding it the authorized stock. True False If a corporation is authorized to issue 1,000 shares of $5 common stock, it is said to have $5,000 of stock outstanding True False Minimum legal capital requirements are intended to protect creditors. True False Stated value stock is no-par stock that is assigned a value per share by the corporation s board of directors. True False A corporation may be authorized to issue both common and preferred stock. True False Common stock always carries a preference for receiving dividends over preferred stock. True False Special rights often granted to preferred stock include a preference for receiving dividends and additional voting privileges. True False Cumulative preferred nock carries the right to be paid both current and all periods' unpaid dividends before any dividends are paid to common shareholders. True False