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NEW QUESTION: 1
The par value of a common stock represents
A. the amount that must be recorded on the issuing corporation's record as paid-in capital.
B. the liability ceiling of a shareholder when a company undergoes bankruptcy proceedings.
C. none of these answers.
D. the estimated market value of the stock when it was issued.
E. the total value of the stock that must be entered in the issuing corporation's records.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Par value represents a stock's legal capital. It is an arbitrary value assigned to stock before it is issued. Par value represents a shareholder's liability ceiling because, as long as the par value has been paid in to the corporation, the shareholder obtains the benefits.
NEW QUESTION: 2
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(Multiple Choice)
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B. The APs and ACs supporting Mesh have more functions.
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Answer: A,C
NEW QUESTION: 3
A. 2000 bindings
B. 5000 bindings
C. 8000 bindings
D. 1000 bindings
Answer: C
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