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Which of the following statements regarding equity is false ? Par value represents the legal capital that must be retained when a stock is issued.
Which of the following statements regarding equity is false?
Par value represents the legal capital that must be retained when a stock is issued. | ||
Paid-in capital in excess is generated with no-par stock with no stated value. | ||
Dividends declared reduce earned capital. | ||
Preferred shareholders typically do not receive voting rights. |
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