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Financial Accounting 11 Assignment Types of shares Exercise 13-3 Is each of the following statements true or false? For each false statement, explain why it
Financial Accounting 11 Assignment Types of shares Exercise 13-3 Is each of the following statements true or false? For each false statement, explain why it is false a. A shareholder may bind (obligate) the corporation to a contract. b. The policy-making body in a corporation is called the board of directors, The owner of 100 preferred shares has greater voting rights than the owner of 100 common shares d. A company incorporated under the Comunida Bass Mons Act must assist the proceeds of a share issue to the capital account for that inpe of share. All common shares issued and outstanding have caual voting rights Issuance 1.000 common shares at 512 share increases shareholders equity by 52 The stated value shanc is the value assigned to the shares by the moment issuing then at the lates A corporation issues i perre senchantillan en building with bined mark Shes Transaction as the orihirations Niliatellderslegu bandisestitheses perak value Exercise 137 1 ANNO Tothom the pants to see Duis eropera Sched ansactions
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