If No-Par Stock Is Issued Without a Stated Value Then

question 142

Multiple Choice

If no-par stock is issued without a stated value then

• A) the par value is automatically $1 per share.
• B) the entire proceeds are considered to be legal capital.
• C) there is no legal capital.
• D) the corporation is automatically in violation of its state charter.

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Definitions:

Level Of Education

A measure of the highest degree of formal schooling completed or the extent of academic achievement.

Causation

Refers to the relationship between cause and effect, where one action or event directly results in another.

Multiple Choice

A question format that presents a list of options or answers, from which the respondent selects the correct one.

Flexibility

The ability to adapt to changes or new demands in the environment, work, or personal life.