Earned surplus would include undistributed profits, income, gains, and losses from the date of incorporation.
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Q22: The board of directors may issue bonds
Q29: When a corporation issues no par value
Q30: The Revised Act does not consider a
Q31: Debt securities represent an ownership interest in
Q32: A corporation may purchase its own shares
Q32: The earned surplus test does not permit
Q33: The MBCA as amended in 1980 and
Q37: Shares without par value may be issued
Q39: The earned surplus test for the issuance
Q40: The shareholders normally determine the price for
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