Which of the following statements is false?
A)Most provinces do not require shares to have a par value.
B)Many provinces permit issuance of no-par value shares.
C)Legal capital represents the permanent amount of capital that owners cannot withdraw as long as the corporation exists.
D)Par value shares are increasingly issued by corporations in Canada.

Question

Quizplus · Accepted Answer

Par value shares are actually decreasingly issued by corporations in Canada as they are becoming outdated and seen as unnecessary.

Which of the Following Statements Is False