Legal Capital Per Share Cannot Be Equal to the

question 99

Multiple Choice

Legal capital per share cannot be equal to the

• A) par value per share of par value stock.
• B) total proceeds from the sale of par value stock above par value.
• C) stated value per share of no-par value stock.
• D) total proceeds from the sale of no-par value stock.

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Definitions:

Damaged

Refers to items or property that have been harmed or adversely affected, usually reducing their value or functionality.

Merchant

An individual or business involved in the wholesale purchase or retail sale of goods for profit.

Non-necessary Item

Refers to goods or services that are not essential for survival or basic living and are often categorized as luxury or discretionary purchases.

Minor

A person under the age of legal adulthood, which varies by jurisdiction but is commonly 18 years old.