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Which of the following statements is false ? a. Ownership of common stock gives the owner the right to vote. b. Authorized shares of stock

Which of the following statements is false?

a.

Ownership of common stock gives the owner the right to vote.

b.

Authorized shares of stock are shares that have been sold to stockholders.

c.

Par value is an arbitrary amount assigned to a share of stock; market value is the actual selling price of stock at a given date.

d.

Dividends are paid at the discretion of the corporation's board of directors.

e.

none of the above

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