Question Details

The stockholders' equity section of a corporation's balance sheet 



True or False:

1. A corporation can issue more shares than it is authorized in its charter, if the board of
directors approves of an increase in the number of authorized shares.
2. The market value of a corporation's stock is determined by the number of shares that the
corporation has been authorized to issue.
3. Each stockholder in a corporation has a separate capital account in the stockholders'
equity section of the balance sheet.
4. The stockholders' equity section of a corporation's balance sheet consists of (1) paid-in
capital, (2) retained earnings, and (3) drawings.
5. Dividends are declared out of retained earnings.




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