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    Fundamental Accounting Principles Study Set 6
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    Exam 13: Accounting for Corporations
  5. Question
    A Corporation's Minimum Legal Capital Is Established by Recording the Par
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A Corporation's Minimum Legal Capital Is Established by Recording the Par

Question 26

Question 26

Multiple Choice

A corporation's minimum legal capital is established by recording the par or stated value of the number of shares:


A) Issued.
B) Authorized.
C) Subscribed.
D) Outstanding.
E) In treasury.

Correct Answer:

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