Earned surplus would include undistributed profits, income, gains, and losses from the date of incorporation.
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Q20: Dividends are ordinarily paid in cash, but
Q21: The earned surplus test does not permit
Q22: A corporation may purchase its own shares
Q23: The earned surplus test for the issuance
Q24: When a corporation issues no par value
Q26: The board of directors may issue bonds
Q27: "Capital surplus" would be credited with the
Q28: The board of directors of Case Corporation
Q29: Shares without par value may be issued
Q30: A stock split results in a larger
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