Which of the Following Statements Is False

question 84

Multiple Choice

Which of the following statements is false?

• A)Most provinces do not require shares to have a par value.
• B)Many provinces permit issuance of no-par value shares.
• C)Legal capital represents the permanent amount of capital that owners cannot withdraw as long as the corporation exists.
• D)Par value shares are increasingly issued by corporations in Canada.

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Definitions:

Alkaline Phosphatase

An enzyme found in many body tissues, including the liver and bones, used as a marker for various diseases.

Calcium

A chemical element that is essential for living organisms, primarily in bone formation and metabolic functions.

Uric Acid

A chemical created when the body breaks down substances called purines, elevated levels of which can lead to gout and kidney stones.

Gout

A form of arthritis characterized by sudden, severe attacks of pain, swelling, and redness, often in the big toe, caused by excess uric acid.