When a state authorizes the sale of shares to shareholders, the corporation will credit Retained Earnings for the par value of the share.
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Q6: When a corporation fails to pay a
Q7: The par value of a share is
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: It is illegal for the government to
Q12: A share split will decrease the total
Q13: The purchase of treasury share creates an
Q14: The declaration of a cash dividend by
Q16: A shareholders' subsidiary ledger will have entries
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