The stockholders' ledger for a class of stock is a subsidiary ledger,and the total shares shown must agree with the number of shares in the capital stock account for that class.

Question

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This statement is true. The stockholders' ledger is a subsidiary ledger that contains individual records for each shareholder in a specific class of stock. The total number of shares recorded in the ledger must match the number of shares in the capital stock account for that specific class.

The Stockholders' Ledger for a Class of Stock Is a Subsidiary