Which one of the following statements is false? O When stock is issued, legal capital is usually the total amount received. O Par value has no direct relationship to market value. O The accounting for stated value, no-par stock parallels accounting for par-value stock. O Capital shareholders have limited liability.

Which one of the following statements is false? When stock is issued, legal capital is usually the total amount received. Par value has no direct relationship to market value. The accounting for stated value, no-par stock parallels accounting for par-value stock Capital shareholders have limited liability