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QUESTION 1 The liability of stockholders can exceed their original investment in the corporation True O False QUESTION 2 Authorized shares of common stock require a journal entry to record the information. True O False QUESTION 3 The par value of common stock is the same value as the market value of stock True False QUESTION 4 Treasury stock is a contra-equity account. True O False QUESTION 5 In the event that a corporation was liquidated, common stockholders would be paid before preferred stocikholders True False QUESTION 6 Dividends in arrears on cumulative preferred stock are not considered to be a lionq-term iability to the company O True - False