Question 29 of 30 1 Point S1: When no-par value stock does not have a stated value, the entire proceeds from the issuance of the stock becomes legal capital. S2: Under the memorandum entry method: If there are no bidders for the delinquent subscription, the corporation may bid and reacquire the shares, and record the transaction with a memo entry. Select the correct response: O S1 & S2 are False O S1 is True; S2 is False S1 & S2 are True O S1 is False; S2 is True < Previous Continue >