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If assets are traded for common stock in a corporation, an appraisal is done to determine the value of the assets. This is required by

If assets are traded for common stock in a corporation, an appraisal is done to determine the value of the assets. This is required by the _______________ principle.

Question 5 options:

Full Disclosure

Cost

Matching

Revenue Recognition

Preferred stocks are said to be ____________ when the corporation has the right to reimburse the stockholder at any time and cancel the stock.

Question 8 options:

Callable

Restricted

Cumulative

Convertible

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