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A corporation may not legally give shares of its stock to promoters in exchange for their services in organizing the corporation.All stock dividends are recorded
A corporation may not legally give shares of its stock to promoters in exchange for their services in organizing the corporation.All stock dividends are recorded at par value so there would never be a credit to the paid-in capital in excess of par value account.
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
