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Question 18 (2 points) Allen Sutton has invested $600,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy.
Question 18 (2 points) Allen Sutton has invested $600,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Sutton stand to lose? O Up to his total investment of $600,000 Zero The $600,000 plus any personal assets the creditors demand $400,000 Save Question 19 (2 points) What is the effect of a stock dividend (declaration and distribution) on the total dollar amounts of Paid-in Capital, Retained Earnings, and total Stockholders' Equity? O Increase Paid-in Capital; decrease Retained Earnings; no change in total Stockholders' Equity O Decrease Paid-in Capital; increase Retained Earnings; no change in total Stockholders' Equity OIncrease Paid-in Capital; increase Retained Earnings; increase total Stockholders' Equity No change in Paid-in Capital; no change in Liabilities; no change in total Stockholders' Equity Save Question 20 (2 points) The two ways that a corporation can be classified by ownership are O publicly held and privately held. O stock and non-stock. O inside and outside. O majority and minority
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