1. The additional paid-in capital account represents the difference between a sock's par value and the funds actually received from the sale of new common stock.
True or False
2. Today, computer simulations models can calculate multiple breakeven charts providing management with an idea of how the firm's breakeven point would change under different assumptions for key variables
True or False
3. The balance sheet item common equity represents the sum of the firm's common stock, paid-in capital, and retained earnings, which equal the common stockholders' total investment in the firm stated at book value.
True or False