Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) Most states require stock certificates to have some dollar amount printed on them.
B) Additional paid-in capital is part of total liabilities on the balance sheet.
C) The ultimate responsibility for management of a company is delegated by stockholders to professional managers.
D) Typically,stock is sold for an amount above par value.
E) An advantage of the corporate form of organization is the separation of ownership and management.