Retained earnings are subtracted from paid-in capital

Retained earnings are subtracted from paid-in capital True or False: 1. When a corporation has only one class of capital stock, it is identified as preferred stock. 2. Retained earnings are a part of stockholders’ equity. 3. Retained earnings are subtracted from paid-in capital to arrive at total stockholders’ equity. 4. Stock can be issued only in exchange for cash. 5. The par value of stock issued for noncash assets is never a factor in determining the cost of the assets received. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help