true or false The amount of capital paid in by stockholders of the corporation is called legal

capital

a$.$ True

b$.$ False

A corporation may own property in the corporation name.

a$.$ True

b$.$ False

Changes in ownership terminate the life of the corporation.

a$.$ True

b$.$ False

A credit balance in the retained earnings account is termed a deficit.

a$.$ True

b$.$ False

A stock issued at a price that is greater that par is said to be issued at a discount.

a$.$ True

b$.$ False

A stock issued at a price that is below par is said to be issued at a premium.

a$.$ True

b$.$ False