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When no-par shares are issued by a corporation in a state that requires it to maintain a stated capital, the value that must be allocated
When no-par shares are issued by a corporation in a state that requires it to maintain a stated capital, the value that must be allocated to capital surplus as distinct from stated capital is:
A.
The carrying amount of the shares.
B.
The fair value of the shares.
C.
The entire amount of the consideration received.
D.
Any portion of the proceeds so directed by the board of directors.
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