1. True

The First Answer, below, says that Statement 1 is "False" and then goes on to explain why it is actually "True." If "the number of authorized shares is equal to the total number shares that COULD be distributed [and] the number of outstanding shares is the number of shares that HAVE been distributed," then "the number of authorized shares should [must and will] always equal or exceed the number of outstanding shares." All outstanding shares are authorized but not all authorized shares are outstanding.

1 False. The number of authorized shares is equal to the total number shares that COULD be distributed. The number of outstanding shares is the number of shares that HAVE been distributed.

2 True. Stated value and Par value are the same. That is the face value of the stock. It's NOT the market value.