The par value of a share is the minimum amount of capital of the corporation existing for the protection of creditors.
Correct Answer:
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Q2: When a shareholder sends in a proxy
Q3: Treasury share is share that is issued
Q5: A corporation continues in existence even if
Q6: When a corporation fails to pay a
Q8: Preference share means the share is entitled
Q9: Contributed capital is equivalent to issued and
Q10: Ordinary share is considered the legal capital
Q11: When a state authorizes the sale of
Q12: A corporation is a legal entity separate
Q12: A share split will decrease the total
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