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2/19/2018Weekly Quiz 61/6Home/My Courses/ACCT701-STACKED-30319-SPRING2018/Module 6/Weekly Quiz 6Started onMonday, February 19, 2018, 6:03 PMStateFinishedCompleted onMonday, February 19, 2018, 6:14 PMTime taken10 mins 54 secsMarks10.00/10.00Grade15.00out of 15.00 (100%)Question 1CorrectMark 1.00 out of 1.00(T / F) Stock "Par value" is an arbitrary amount assigned to each share of a given class of stockand printed on the stock certificate.Select one:True FalseCorrect.The correct answer is 'True'.
2/19/2018Weekly Quiz 62/6Question 2CorrectMark 1.00 out of 1.00(T / F) "Capital stock authorized" is the maximum number of shares of stock that a corporation canissue as designated in its charter.Select one:True FalseCorrect. "Capital stock authorized" is the number of shares of stock that a corporation is entitled toissue as designated in its charter.