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Question 26 Statement : The maximum amount of shares that the corporation can issue to the public is called the outstanding shares. Statement II: A

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Question 26 Statement : The maximum amount of shares that the corporation can issue to the public is called the outstanding shares. Statement II: A share of common stock must have a par value (or stated value) Statement 1 is correct; statement 2 is incorrect Both statements are incorrect Both statements are correct Statement 1 is incorrect; statement 2 is correct

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