In a corporate form of business organization, legal capital is best defined as
A) The amount of capital the state of incorporation allows the company to accumulate over its existence.
B) The amount of net assets that cannot be distributed to stockholder
C) The amount of capital the federal government allows a corporation to generate.
D) The total capital raised by a corporation within the limits set by the Securities and Exchange Commission.
Correct Answer:
Verified
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Q20: The cumulative feature of preferred stock
A) Limits
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A) Decreases common
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