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Stock which has been issued by a corporation, has fully paid up when in fact it is not, because it has been issued as bonus
Stock which has been issued by a corporation, has fully paid up when in fact it is not, because it has been issued as bonus or otherwise, without any consideration at all, or for less than par, or for property, labor or services at an overvaluation.
a. watered stock
b. redeemable stock
c. over issued stock
d. treasury stock
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