Posted: May 3rd, 2016
Which of the following is not a right or attribute of common stock?
a) Electing directors
b) Liability limited to amount invested
c) Approving changes in corporate charter
d) Determining dividend policyAdditional paid-in capital is most likely to appear on the balance sheet of a corporation that:
a) has par value stock
b) has no-par value stock
c) has issued stock at different dates
d) has issued stock dividendsWhen common stock has a par value:
a) the liability of the stockholders is limited to the par value
b) there will probably be additional paid-in capital in the balance sheet
c) the market value of the stock will be higher than if there is no par value
d) the paid-in capital will equal the par value of the number of shares issued
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