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:

Boiling Point

The temperature at which a substance changes from a liquid to a gas at atmospheric pressure.

Ethanamide

A chemical compound known as the simplest amide derived from acetic acid, with the formula CH3CONH2.

1-Propanol

A three-carbon alcohol with the formula CH3CH2CH2OH, commonly used as a solvent in the pharmaceutical industry.

IR Spectroscopy

A technique in analytical chemistry that identifies molecular structures through the absorption patterns of infrared radiation, useful in the identification of functional groups.