A corporation's minimum legal capital is often defined to be the total par value of the shares:
A)Issued
B)Authorized
C)Subscribed
D)Outstanding
E)In treasury

Question

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The minimum legal capital of a corporation is typically defined as the total par value of the shares that have been issued. This is the amount that must be maintained to protect creditors and is not related to authorized, subscribed, outstanding, or treasury shares.

A Corporation's Minimum Legal Capital Is Often Defined to Be