1.Assets plus liabilities equal stockholders' equity True False 2.Retained Earnings is the amount stockholders have invested in the company. True False 3.Authorized stock is the number of shares that have been sold to investors. True False 4.Par value is the legal capital per share of stock that's assigned when the corporation is first established. True False 5.In the event a corporation is dissolved, common stockholders receive preference over preferred stockholders in the distribution of assets. True False 6.The number of shares outstanding is equal to the number of shares issued minus the number of shares repurchased. True False 7. If a company purchases shares of another company, it records this transaction as treasury stock. True False 8.When we reissue treasury stock, we report the difference between its cost and the cash received as an increase/decrease in additional paid-in capital. True False 9. Dividends are paid on all shares issued by the company including treasury stock. True False 10. If a company has expenses that are more than revenues, the net loss decreases retained earnings. True False