The original issuance of share capital for a consideration less than its par value is least likely called as

watered stock

Discount on share capital

Issuance below par or stated value

Reissuance of treasury share below cost

Which of the following is not typically a characteristic of preference share?

Preference as to dividends

Preference over ordinary shareholders during liquidation.

Preference as to voting rights

callable and convertible terms

Contributed capital consists of the following major components

legal and stated capital.

Retained earnings and legal capital.

Legal capital and additional paid in capital.

Additional paid in capital and retained earnings

A private corporation in which capital comes from fees paid by individuals composing it and whose owners are called members is a

domestic corporation

non-stock corporation

open corporation

stock corporation