Exercise 13-4 (book/static) Is each of the following statements true false? For each false statement, explain why it is the Click the icon to view each situation.) C More Info Ashareholder may bind (obligate the corporation to a contract b. The policy making body in a corporation is called the board of directors c. The owner of 100 preferred shares has greater voting than the owner of 100 common shares d. A company incorporated under the Canada Busnes Corporation Act must assign the proceeds of a stress to the capital account for that type of Al common share issued and outstanding have equal voting nights suance of 1,000 common shares of 512.00 per share increases shareholders' equity by $12.000 The stated value of a share is the value assigned to the shared by the company issuing them at the date issued I. A corporationes preferred shares in exchange for land and a building with a combined market value of $200,000. This transaction increases the corporation's shareholders' equity by $200.000 regardless of the assets pro book value Print Done