Financial Accounting II 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, c. The owner of 100 preferred shares has greater voting rights than the owner of 100 common shares d. A company incorporated under the Canada Business Componations Act must assign the proceeds of a share issue to the capital account for that type of share, e. All common shares sued and outstanding have equal voting rights. Issuance of a common shares al S12.0 per share increases shareholders equity by $12.000 The stated value of a share is the value assigned to the share by the company issuing them at the issued h. A corporation is preferred shares in exchange for land and a building with a combined inarke au o 50. This the innsases the corporations shareholders and the score value