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D 1 Normal Title 1 No Spac... Heading 1 Heading 2 E AONA Select Paragraph Styles Editing 29. T, F. When a partner withdraws from

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D 1 Normal Title 1 No Spac... Heading 1 Heading 2 E AONA Select Paragraph Styles Editing 29. T, F. When a partner withdraws from the partnership, the partnership is liquidated automatically. 30. T, F, A partnership Agreement usually includes the provision for splitting partnership taxes. 31. T, F. Authorized Stock is the total amount of stock that a company is authorized to sell according to is to its Charter 32. T. F. A Charter is a document issued by the Federal Government authorizing a corporation to operate in the USA in accordance with the terms set out in the Charter. 33. T, F. Par Value Stock (Share) is the stock that has been assigned a value according to the Charter of a company 34. T, F. NO-Par Value Stock is one which has not been assigned a value according to the Charter of a company 35.T, F. Paid-In Capital is the total legal amount collected by a corporation from its stockholders for owning shares in the corporation. 36. T, F. Outstanding stock is the capital stock that has been sold to the stockholders and still being held by them Focus arch

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