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    Fundamental Accounting Principles Study Set 1
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    Exam 13: Accounting for Corporations
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    A Class of Stock That Can Usually Be Issued at Any
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A Class of Stock That Can Usually Be Issued at Any

Question 38

Question 38

Multiple Choice

A class of stock that can usually be issued at any price without creating a minimum legal capital deficiency is called:


A) No-par stock.
B) Discounted stock.
C) Convertible stock.
D) Noncumulative stock.
E) Callable stock.

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