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    Business Law and the Regulation of Business Study Set 2
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    Exam 34: Financial Structure of Corporations
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    When a Corporation Issues No Par Value Stock, the Entire
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When a Corporation Issues No Par Value Stock, the Entire

Question 7

Question 7

True/False

When a corporation issues no par value stock, the entire consideration received constitutes stated capital except that amount allocated in a manner permitted by law to capital surplus or paid-in surplus.

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