20)Which of the following is true about corporations?
21)Par value represents the original selling price for a share of stock.
22)Treasury stock is a corporation's own stock, which has been reacquired and held for future use.
23)Preferred stockholders have contractual priorities in relation to dividends and assets in the event of liquidation.
24)Which of the following statements is true about the stockholders' equity section in the balance sheet?
25)Authorized stock represents the number of shares a corporation is authorized to sell.