Which of the Following Is a TRUE Statement About No-Par

question 14

Multiple Choice

Which of the following is a TRUE statement about no-par stock?

• A) No-par stock has zero value.
• B) No-par stock has been purchased by the corporation for investment purposes.
• C) No-par stock is a form of common stock that does not carry par value.
• D) No-par stock is a form of preferred stock without voting rights.

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