A] a discount. par. [C] a premium. ID] maturity value [12] Stock that is held by stockholders is called: [A] issued stock B] authorized stock [C] outstanding stock ID] open stock. [13] Values such as par, stated value, and no-par are assigned based upon: [A] federal regulation. IB] choice of the organizers of the corporation. C] tax law. D] market values of the stock. Multiple Choice Part 2: Cirele the letter for the one answer that is best (4 points each) arch 1. Its cost was $55,000 an A company purchased a computer system on M had an estimated salvage value of $10,000. It was expected to have a useful lit 5 years. To the nearest dollar, the depreciation for the first year using straight depreciation will be [1] [A] $11,000. B] $9,000. [C] $7,500. [D] $6,750