List Five Functions That a Friendship May Serve

question 62

Short Answer

List five functions that a friendship may serve.

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Definitions:

Paid-In Capital

The total amount of money that shareholders have invested in a company through the purchase of its stock.

Par Common Stock

The face value of common stock as stated in the corporate charter, which is the minimum amount at which shares can initially be sold.

Par Preferred Stock

A type of preferred stock that is issued at its nominal or face value, and typically has a fixed dividend rate.

Debit to Cash

An accounting entry that increases the cash balance in a company's books.