32. T. F. A Charter is a document issued by the Federal Government authorizing a corporation to operate in the USA in accordance with the terms set out in the Charter. 33. T, F. Par Value Stock (Share) is the stock that has been assigned a value according to the Charter of a company 34.T, F. NO-Par Value Stock is one which has not been assigned a value according to the Charter of a company. 35. T, F. Paid-In Capital is the total legal amount collected by a corporation from its stockholders for owning shares in the corporation. 36.T, F. Outstanding stock is the capital stock that has been sold to the stockholders and still being held by them. Answer: True I 37. T, F. Privately -held corporation is one that has very few stockholders and whose shares are not sold to the general public. Answer: True 38. T, F. A publicly-held corporation is one that has thousands of stockholders all over the country and whose stocks are sold in the country's stock exchanges. Answer: True 39. T, F. One of the advantages of a corporation is the limited liability of its owners. Answer: True 40. The Owners' Equity of the Balance Sheet consists of: a. Authorized Capital, Outstanding Stock, Retained Earnings 32. T. F. A Charter is a document issued by the Federal Government authorizing a corporation to operate in the USA in accordance with the terms set out in the Charter. 33. T, F. Par Value Stock (Share) is the stock that has been assigned a value according to the Charter of a company 34.T, F. NO-Par Value Stock is one which has not been assigned a value according to the Charter of a company. 35. T, F. Paid-In Capital is the total legal amount collected by a corporation from its stockholders for owning shares in the corporation. 36.T, F. Outstanding stock is the capital stock that has been sold to the stockholders and still being held by them. Answer: True I 37. T, F. Privately -held corporation is one that has very few stockholders and whose shares are not sold to the general public. Answer: True 38. T, F. A publicly-held corporation is one that has thousands of stockholders all over the country and whose stocks are sold in the country's stock exchanges. Answer: True 39. T, F. One of the advantages of a corporation is the limited liability of its owners. Answer: True 40. The Owners' Equity of the Balance Sheet consists of: a. Authorized Capital, Outstanding Stock, Retained Earnings