All Collection Calls Should Be Placed

question 78

Multiple Choice

All collection calls should be placed

• A) after 9 AM and before 9 PM.
• B) after 8 AM and before 9 PM.
• C) after 8 AM and before 8 PM.
• D) after 9 AM and before 8 PM.

---

Definitions:

No-par Common Stock

A type of common stock that does not have a par value assigned, representing an ownership interest in a corporation.

Stated Value

A value assigned to a share of stock by the corporation’s board of directors, which is an arbitrary value used for accounting purposes.

Par Common Stock

The value assigned to a share of common stock in the company's charter, not indicative of the market value.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with predetermined dividend payments.