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Which of the following statements regarding equity is false? Dividends declared reduce earned capital. Preferred shareholders are paid a dividend every year. Par value represents
Which of the following statements regarding equity is false?
Dividends declared reduce earned capital.
Preferred shareholders are paid a dividend every year.
Par value represents the legal capital that must be retained when a stock is issued.
Paid-in capital in excess of par value is an example of contributed capital.
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