intermediate accouting 2

3. State laws established the concept of legal capital which is designed to protect the corporation's creditors by restricting the distribution of shareholder's equity to shareholders 2. True b. False 4. Noncumulative preferred stock is entitled a. True b. False 5. Contributed capital does not include subse a. True b. False b. False se plan to ed noncomp 6. There are three criteria that must be met in order for a share pure all three criteria are not met then the plan is considere