No par value shares are shares that have not been assigned any specific value.
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Q32: When shares are issued for services or
Q33: Shares can be issued only in exchange
Q34: A corporation must have preferred shares.
Q35: The authorization of share capital will have
Q36: Share capital may be distributed to shareholders
Q38: Common shares usually have a cumulative dividend
Q39: When a company is liquidated, the common
Q40: In cases where the fair value of
Q41: A cash dividend account is never closed
Q42: The statement that reflects the changes in
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