Multiple Choice
Which of the following is a TRUE statement about no-par stock?
A) No-par stock has zero value.
B) No-par stock has been purchased by the corporation for investment purposes.
C) No-par stock is a form of common stock that does not carry par value.
D) No-par stock is a form of preferred stock without voting rights.
Correct Answer:
Verified
Correct Answer:
Verified
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