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Which assertion is an assumption of stage theories?
No-par Common Stock
Shares issued without a par value, allowing the company more flexibility in setting their price.
Paid-in Capital
The total amount of capital that shareholders have contributed to a company in exchange for shares of stock.
Fair Market Value
The price that a willing buyer and a willing seller agree upon when both parties have reasonable knowledge of the relevant facts and neither is under compulsion to buy or sell.
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