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If a corporation has only common stock outstanding, which of the following constitutes legal capital at a particular date? A. The amount in the Common
If a corporation has only common stock outstanding, which of the following constitutes legal capital at a particular date?
| A. | The amount in the Common Stock account. |
| B. | The sum of the Common Stock account and any additional paid-in capital. |
| C. | The total amount of stockholders' equity. |
| D. | The sum of the Common Stock account and retained earnings.
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