When a corporation sells stock to stockholders, the corporation receives cash or other assets in exchange. The total amount of cash and other assets received in exchange for stock is: O Referred to as paid-in capital or contributed capital O Referred to as retained earnings or negative equity. Question 7 Two of the following statements are true regarding owners of preferred stock. Which statement is NOT true regarding owners of preferred stock? O They are first in line for dividends before owners of common stock; they have "preference" for dividends F4 Search -8: ASUS VivoBook F5 F6 FZ F8 F9 F7 1 pts F10 W F11