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    Fundamental Accounting Principles Study Set 1
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    Exam 13: Accounting for Corporations
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    When a Corporation Has Only One Class of Stock, the Stock
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When a Corporation Has Only One Class of Stock, the Stock

Question 120

Question 120

Multiple Choice

When a corporation has only one class of stock, the stock is called:


A) Preferred stock.
B) No-par value stock.
C) Common stock.
D) Stated value stock.
E) Par value stock.

Correct Answer:

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