Question: Question 7 & 8 please. Thank you QUESTION 7 Which of the following statements regarding equity is false? Preferred shareholders typically do not receive voting

Question 7 & 8 please. Thank you

QUESTION 7 Which of the following statements regarding equity is false? Preferred shareholders typically do not receive voting rights, Par value represents the legal capital that must be retained when a stock is issued. Paid in capital in excess of par value is an example of contributed capital. Retained earnings is an example of contributed capital. QUESTION 8 ASP Corporation has 60,000 shares of $4 par value common stock outstanding. On January 5, ASP declares a 2 for 1 stock split. What is the total value in common stock after the stock split? $60,000 $120.000 $480.000 $240,000

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