Which of the following statements is false ? (a) Ownership of common stock gives the owner a

Question:

Which of the following statements is false ?

(a) Ownership of common stock gives the owner a

voting right.

(b) The stockholders’ equity section begins with a

paid-in capital section.

(c) The authorization of capital stock does not result

in a formal accounting entry.

(d) Par value and market price of a company’s stock

are always the same.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

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