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20. Which of the following explanations are TRUE with respect to equity? A. Issue price: Amount received on issuance of a share. B. Limited liability:

20. Which of the following explanations are TRUE with respect to equity?

A. Issue price: Amount received on issuance of a share.

B. Limited liability: The limit of liability of owners of a company to any unpaid amount of capital.

C. Prospectus: A distribution by a company to its shareholders on a pro rata basis.

D. Allotment: The process of issuing shares to selected applicants.

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