The Revised Act, the 1980 Amendments to the MBCA, and over half of the states have eliminated the concept of:
A) par value.
B) stated capital.
C) capital surplus.
D) All of these.

Question

Quizplus · Accepted Answer

The Revised Act, the 1980 Amendments to the Model Business Corporation Act (MBCA), and over half of the states have indeed eliminated the concepts of par value, stated capital, and capital surplus, simplifying corporate finance and share issuance processes.

The Revised Act, the 1980 Amendments to the MBCA, and Over